The Indian consumer packaged goods industry experienced significant growth in the recent quarter with rural growth outpacing urban markets. Rural markets, showed a remarkable recovery with a 7.6% growth in demand. This outperformed urban markets. Home and personal care (HPC) categories outpaced food categories in the quarter. While food...
India to Have Record Number of IPOs in 2024 – [Cloned #76129]
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. Lesser known companies in sectors such as pharmaceutical's Delhi-headquartered Mankind Pharma's listing, have rekindled interest in IPOs by offering steady revenue growth and...
India to Have Record Number of IPOs in 2024
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. This IPO boom shows no signs of slowing down, with 130 new listings and 313 billion rupees raised so far in 2024. Lesser...
India’s Consumer Sector is a Key Contributor to Its Economy
The fast-moving consumer goods (FMCG) industry is a major contributor to the Indian economy, with household and personal care being the leading segment. Key growth drivers are rising incomes, changing lifestyles, increased awareness, and easier access. Sustainability trends also influence purchase behavior. While urban areas contribute the majority share, rural...
Hindustan Unilever’s Market Cap Reaches 67% of Parent
In the first week of October 2022, the Market Capitalization of Mumbai- headquartered Hindustan Unilever (HUL) reached 67% of its parent company Unilever based in London, UK. HUL’s m-cap touched $77 billion as compared to Unilever’s $115 billion, a report in Economic Times said. Unilever’s market capitalization has deteriorated in...
Consumer Product Companies in India Report Strong Growth
During an investor conference call at Proctor & Gamble, Global Chief Executive Officer David Taylor said that the company posted robust growth numbers for the year ended June 30, 2018, of which two markets — India and Turkey — reported double-digit growth. Taylor added that sales were growing for all categories...