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Sky News AU
12-05-2025
- Business
- Sky News AU
Woolworths cuts shelf prices on hundreds of popular products, including nappies, two-minute noodles amid cost of living crisis
Woolworths will roll out discounts on hundreds of products this week in a bid to keep prices low for Aussies struggling with rising household budgets amid a cost of living crisis. The supermarket giant on Monday revealed it will slash prices on almost 400 items sold in store and online from Wednesday. This means shelf prices on popular produces will drop by an average of 10 per cent, which could save Aussie families spending $150 on their weekly shop about $15, according to Woolworths. Woolworths has pledged to keep costs low on the promotional items "at least until 2026", with discounts on hundreds more products expected in the coming weeks and months. Fridge and pantry staples such as Greek yoghurt, mixed frozen berries, and 2L Coca Cola bottles and Maggi Noodles 12-packs are some of the items included in the Lower Shelf Price incentive. Customers will also see discounts on Woolworths branded bacon, chicken schnitzels, tomato sauce, oats, 250g microwave rice packs and large white bread loafs. Essentials like Babylove Nappies in bulk size packs and Shine Optimum dishwasher 45-piece pods are also discounted. Woolworths Group CEO Amanda Bardwell has acknowledged many Aussie families are feeling the pinch financially and want more value out of their shopping hauls. "Customers consistently tell us they need more value from their shop, and that they expect us to do more to help," Ms Bardwell said in a statement. "Today marks the start of a real, tangible change customers will see on the shelf prices of hundreds of products when they shop with us, both in-store and online." Ms Bardwell said the incentive "isn't just a short-term promotion" and rather about providing "genuine, lasting and dependable value" on regularly-bought products. "We've focused on highly rated family favourites – things like Greek Yoghurt, Frozen Berries, Chicken Schnitzel as well as essentials including flour, bread, rice and nappies," Ms Bardwell said. "Individually, each lower shelf price might not seem like a dramatic difference, but they will add up to real savings. "We are committed to expanding the Lower Shelf Price product list in the coming weeks and months to help provide customers with even more value every time they shop with us." The move comes after an inquiry into the Australian grocery sector found Coles and Woolworths are some of the most profitable supermarket businesses in the world. The Australian Competition and Consumer Commission inquiry also determined some supermarkets promotions can also make it tricky for customers to judge whether they are getting a good deal. A final report put forward 20 recommendations, which included greater transparency for suppliers, regulations on promotional practices, and improving competition in the supermarket sector.
Time of India
23-04-2025
- Business
- Time of India
Nestle Q4 Preview: PAT may fall 5% YoY as high costs, subdued demand hurt
Here's what analysts expect from Q4: Live Events Kotak Equities Nuvama Motilal Oswal (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Leading consumer brand Nestle will likely see mid-single digit revenue growth , driven by double-digit growth in beverages. However, profitability is likely to be muted. The growth for the company continues to be impacted by muted urban demand and elevated commodity prices, partly buoyed by some benefit in the Maggi portfolio due to Maha Kumbh profit for the fourth quarter is seen falling 5% year-on-year (YoY), according to an average estimate of six brokerages. On the flip side, revenue may grow 5%.Analysts forecast strong beverage business performance on the back of pricing-led growth in coffee. However, the dairy business remained under margins are likely to contract by 131 bps YoY while higher A&P spends would lead to EBITDA margin contraction by 113 bps expect 5.4% YoY revenue growth, led by 5.3% YoY growth in domestic/exports markets. We expect volume (tonnage) growth at 3%, versus 2% in 3Q. The price mix growth is led by price hikes in chocolates, coffee and margin could contract 185 bps YoY to 55%, impacted by sharp inflation (in the range of 50-70% YoY) in coffee, cocoa and edible oils. We expect the EBITDA margin to also decline 190 bps YoY to 23.5%. Overall, we expect the EBITDA to decline 2.4% YoY, but the PAT decline could be higher due to lower other income (lower cash balance after investment of Rs7 bn in JV with Dr Reddy's).We reckon consolidated revenue to grow 5% YoY. Domestic sales are likely to grow 5-6% YoY, while domestic volumes will grow 3% YoY. Overall demand trends have improved sequentially given marginal recovery in urban areas - however slowdown still revenue likely to grow 7% YoY. We expect gradual price hikes of 2% in Q4FY25 (1% in Q3FY25; 4% in Q4FY24) mainly led by coffee but certain price hikes seen across portfolios (eg – in Maggi Noodles recently increased the price of 70 gm pack from Rs 14 to Rs 15).We reckon EBITDA to grow 2.6% YoY owing to the high base. Given cocoa, coffee and palm oil cost remains inflationary, Gross/EBITDA margin is likely to decline 20bp YoY to 57%.We expect sales growth of 5% YoY. However, while demand recovery is underway, a higher dependency on urban markets may weigh on NEST volumes. The company has likely implemented a price hike in response to rising commodity model moderation in GP (-100 bps) and EBITDA margins (190bp), impacted by a sharp rise in coffee and edible oil focuses on expanding its distribution reach, premiumization, and innovations.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
