Privately-held companies in the consumer goods ("FMCG or Fast Moving Consumer Goods) sector in India have outpaced their peers in the publicly traded spheres, highlighting an opportunity for private equity investors. For example, listed cookie maker Britannia Industries Ltd., which owns popular brands such as Good Day and Tiger, grew...
Unilever Personal Care Sales up 13% in India
The India unit of Anglo-Dutch Unilever posted a quarterly profit that exceeded market expectations. The company said it outperformed the broader Fast Moving Consumer Goods market in both value and volume during the January-March period. Consumer demand grew 9% from the previous year to $1.21 billion in the fiscal fourth...
India Shines Among Emerging Country Consumer Markets
Consumer demand in emerging markets is getting affected because of weaker economic growth, in major markets such as Brazil and China. But, according to Business Week, India could be a different story. "There are some things going in its favour. Economic growth seems to be recovering and inflation seems to...
Scrappy Cavin Kare battles Unilever and Procter & Gamble with innovation and nimbleness
Chennai, India based CK Ranganathan and the company he founded, Cavin Kare, became noticed first with the success of Chik shampoo in single-use sachets that cost half a rupee. Even today most shampoo sales in India are units sold at about 2 cents a piece. As this feature story, shows...
Jyothy, maker of Ujala whitener, buys control of Henkel India
German detergent and glue maker Henkel has sold its 51 percent stake in Henkel India to Jyothy Laboratories Ltd , a fabric whitener and detergent maker, most known for its iconic Ujala brand. Jyothy already owned 15 percent of Henkel India (via a purchase of from Tamilnadu Petroproducts earlier this...
Rising Income fuel India's spiralling consumer economy
It took 33 years for India to increase its per-capita annual income from $100 to $500, but only five years to double it from $500 to $1,000. It's not surprising then, that Indian industry reported huge rises in sales in June: cars (34 per cent), refrigerators (32 per cent), air...