Affordable smartphones in India, and the growing consumption of mobile data is decreasing the growth prospects of consumer goods companies, reports the Wall Street Journal. Consumer product companies are now changing their marketing strategies to deal with this new phenomenon. Small-time grocers now "recharge" prepaid mobile phone plans for any...
Coca Cola, PepsiCo Introduce Low Calorie Portions in India
With Indian consumers becoming more health conscious, food manufacturers are offering portion control to keep calorie counts low. PepsiCo India has launched 150ml cans - the smallest in the domestic market. Coca-Cola offers 180ml cans across its beverages portfolio in addition to its 300ml cans."For consumers, it means the flexibility...
India’s Personal Care Market: a Growth Opportunity
In a symposium sponsored by the New York Chapter of the Society of Cosmetic Chemists, the speakers asserted that India’s personal care market is fertile ground for companies trying to expand their business. Happi reported: It’s got potential—make that a lot of potential. India has nearly 1.3 billion people and...
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...
500 Startups invests in Bangalore’s tech firm ZipDial
The company 500 Startups is a seed fund based in the US that began investing in India just over a year ago and now has closed its tenth deal in the country with ZipDial. According to Paul Singh, a partner at 500 Startups, the investment was standing between $250,000 and...
CPG companies in India show strong growth in sales, profits
Domestic growth for Unilever's India subsidiary, HUL was at 19%, with home and personal care growing at 20.6% and foods business growing at 10.6% for the quarter ending June 30 according to DNA India.. Net profit for the three months through June rose to $240 million and overall sales grew...