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The Hindu
08-05-2025
- Business
- The Hindu
FMCG volume growth slows to 5.1% in March quarter; rural markets drive growth while metros drag volume
The volume growth of India's FMCG industry has slowed down in the March quarter to 5.1%, driven by increased consumer purchases of small-value packs, according to the latest report from data analytics firm NielsenIQ. Volume growth is slowing across categories, and non-food segments are still outpacing food in the FMCG sector. The industry reported a volume growth of 6.1% in the March quarter of 2024. Moreover, continuing the trends from the last five consecutive quarters, the rural market, which is mainly a small economy pack units market, continued to grow faster than the urban market. However, its growth has also slowed down. "In Q1 2025, rural consumer demand grew at a slower pace compared to Q1 2024, yet it remained four times faster than growth in urban areas, where consumption further decelerated. Rural markets continued to outperform urban counterparts across most regions of India," it said. The FMCG industry recorded higher unit growth than volume growth in the March quarter, indicating a consumer preference shift toward smaller pack sizes, according to the latest NielsenIQ FMCG quarterly snapshot. In addition, small players — mostly unbranded — have gained ground, with double-digit volume growth, helped by the resurgence of the rural market, inflation, and changing market dynamics. Overall, the FMCG sector reported an 11% year-on-year growth for the March quarter, in which volume growth contributed 5.1% along with a 5.6% increase in prices. Besides sales volume through traditional trade, which includes kirana and neighbourhood shops, has increased. In the metro market, quick-commerce also strengthened its position. "Food consumption growth slowed to 4.9% in Q1 2025 from 6% in Q4 2024, primarily due to decreased volumes in staple categories like edible oils and Palm Oil, which saw price increases,' it said. On a year-on-year basis food consumption growth saw a slight improvement from 4.4% in Q1, 2024. In the March quarter, the food sector reported 7.2% price growth, compared to 0.9% of the corresponding period a year ago. Similarly, the Home and personal care (HPC) categories experienced a consumption growth of 5.7% in Q1 2025, driven by higher demand in rural areas. However, this growth is still lower than the 10.8% volume growth in the corresponding quarter of the previous year. While "Over-the-counter categories, such as rubefacients and analgesics, saw a 14% growth in value sales in Q1 2025, driven by a 10.4% increase in prices," the report said. E-commerce continues to strengthen its presence, significantly impacting the share of offline channels, including modern trade (such as malls) and traditional trade. "This growth is largely volume-driven, supported by increasing online shopper penetration, more purchase occasions, and increasing basket sizes," it said. In eight metros, e-com reported a 13% increase in the top 8 metros (based on data collected from 72 categories), while its all-India urban growth was at 5%. March quarter also witnessed "steady gains" for small manufacturers, which are leading the way in driving consumption, supported by steady volume growth in both Food and HPC categories, it said. "In contrast, larger players are experiencing slower volume growth, which has halved compared to Q4 2024. Low base, rural growth, and easing out inflation are helping small players to outpace FMCG growth," the report said. Small FMCG manufacturers having a turnover below ₹100 crore per year reported a volume growth of 11.9%, and mid players with a turnover between ₹100 to ₹1,000 crore reported a volume growth of 6.4%. Large manufacturers up to ₹5,000 crore recorded a 5.3% volume growth. However, large FMCG makers, the giants with over ₹5,000 crore turnover, had 1.6% volume growth, which is much lower than the 8.1% volume growth. Though they still control 46% of the sales. NielsenIQ India Head of Customer Success, FMCG, Roosevelt Dsouza said, "The FMCG sector is showing mixed signals --- while volume growth is slowing across categories, non-food segments are still outpacing food. Inflation is easing overall, but high edible oil prices are keeping staples expensive. The rural markets continue to drive growth, whereas urban metros continue to see a shift toward e-commerce with higher shopper engagement."
India Gazette
06-05-2025
- Business
- India Gazette
End consumers are unlikely to get benefits of reduced raw material prices by Consumer Companies: Report
ANI 06 May 2025, 16:46 GMT+10 New Delhi [India], May 6 (ANI): Consumer sector companies are unlikely to pass on the benefits of reduced raw material prices to the end customers and instead use this opportunity to improve their gross profit margins, according to a report by Nomura, a global financial services report added that the gross margin of such companies will start improving from second quarter of FY 26 onwards while it will be down year-over-year in the first quarter of FY26. The consumer price inflation (CPI) for the month of March saw a sharp decline, it dropped to a 67-month low of 3.34 per cent, mainly due to a significant decline in food highest moderation in raw materials (RMs) is seen in Wheat, Palm Oil and Crude Oil, while inflation is still seen in Copra, Amla, Milk and Gold.'Most raw material (RM) prices have started to moderate down after remaining inflationary over the past year. Key RMs such as palm oil, wheat and crude oil have softened rapidly by 7-10 per cent over the past month. Given gross profit margins (GPMs) are still under pressure, we believe Consumer companies will direct this softness in input cost towards improving GPM rather than cutting prices in the near-term,' the report deep into the data, in the recent quarter, palm oil prices fell by 7 per cent quarter-on-quarter (q-o-q) and 8 per cent month-on-month (m-o-m), though they are still up 20 per cent year-on-year (y-o-y). It is expected that the palm oil prices will stay stable at these levels for the next few quarters, which could help improve gross margins (GPMs) for food prices also dropped by 11 per cent q-o-q, helped by a good rabi harvest. This should further ease margin pressure for food companies, the report crude oil and HDPE prices declined by 10 per cent and 7 per cent y-o-y respectively. This is an opportunity for paint companies, as well as consumer goods companies with packaging costs linked to crude report mentioned that Robusta coffee prices eased slightly by 4 per cent q-o-q but are still up 29 per cent y-o-y. Prices of palm fatty acid distillate (PFAD), used in making soaps, fell 3 per cent q-o-q and 5 per cent m-o-m. Now, with PFAD softening, the companies in the sector will see their margins prices stayed flat q-o-q after being inflationary for a while, which should benefit food companies, the report added. (ANI)
Scoop
02-05-2025
- Entertainment
- Scoop
Think Kind Student Competition Launch 2025
Press Release – NZ Vegetarian Society Past entries have included artwork depicting ways we can be kind to animals, poems, short stories, home-made films, and many more. The closing date for submissions is August 17th. The annual Think Kind Student Competition, run by the NZ Vegetarian Society (NZVS), is open to entries for 2025! This competition offers the opportunity for students from year 0 to 13 to submit any form of creative work which expresses the importance of kindness towards animals and our planet. The grand prize is $1000, which goes towards the winning students' school, kindly provided by Quorn NZ and the NZVS. Additionally, each entrant receives a certificate and a voucher from Hell Pizza, and the top 10 entrants receive a prize pack, containing products from our amazing sponsors. Past entries have included artwork depicting ways we can be kind to animals, poems, short stories, home-made films, and many more! The 2024 grand prize winner was Harriet Mason, a year 6 student from St Albans Primary in Christchurch. Her pencil drawing of a chimpanzee included the message 'Say No to Palm Oil'. NZVS President, Julia Clements, says of the event, ' It's an excellent opportunity for young kiwis to think about how we can better promote kindness towards all animals. In previous years we've seen such creative interpretations of what this looks like, and it's always exciting to see the way students interact with the ideas of sustainability and reducing animal cruelty. We hope that, as in previous years, we get a lot of community support when it comes to the voting stage later this year!' The closing date for submissions is August 17th. The NZVS judging panel will then select the top 20 entries, which will be go live for public voting on World Vegetarian Day (October 1st). The top voted entry will be revealed as the overall winner a month later on World Vegan Day (1st November)! The competition would not be possible without the generous support of our sponsors: Quorn NZ, Hell Pizza, Solomons Gold, TranzAlpine Honey NZ, Panna Soaps, Goodbye, Trade Aid. The intention of the NZVS is to increase vegetarianism (including veganism), to reduce cruelty to animals, improve human health, protect the environment and preserve world resources. We do this by encouraging plant-based choices through education, information, support, campaigns and research. The NZ Vegetarian Society is for everybody. We are inclusive of everyone on the vegetarian path, from those reducing their use of animal products through to vegans.
Scoop
02-05-2025
- Entertainment
- Scoop
Think Kind Student Competition Launch 2025
Press Release – NZ Vegetarian Society Past entries have included artwork depicting ways we can be kind to animals, poems, short stories, home-made films, and many more. The closing date for submissions is August 17th. 1 May, 2025 The annual Think Kind Student Competition, run by the NZ Vegetarian Society (NZVS), is open to entries for 2025! This competition offers the opportunity for students from year 0 to 13 to submit any form of creative work which expresses the importance of kindness towards animals and our planet. The grand prize is $1000, which goes towards the winning students' school, kindly provided by Quorn NZ and the NZVS. Additionally, each entrant receives a certificate and a voucher from Hell Pizza, and the top 10 entrants receive a prize pack, containing products from our amazing sponsors. Past entries have included artwork depicting ways we can be kind to animals, poems, short stories, home-made films, and many more! The 2024 grand prize winner was Harriet Mason, a year 6 student from St Albans Primary in Christchurch. Her pencil drawing of a chimpanzee included the message 'Say No to Palm Oil'. NZVS President, Julia Clements, says of the event, ' It's an excellent opportunity for young kiwis to think about how we can better promote kindness towards all animals. In previous years we've seen such creative interpretations of what this looks like, and it's always exciting to see the way students interact with the ideas of sustainability and reducing animal cruelty. We hope that, as in previous years, we get a lot of community support when it comes to the voting stage later this year!' The closing date for submissions is August 17th. The NZVS judging panel will then select the top 20 entries, which will be go live for public voting on World Vegetarian Day (October 1st). The top voted entry will be revealed as the overall winner a month later on World Vegan Day (1st November)! The competition would not be possible without the generous support of our sponsors: Quorn NZ, Hell Pizza, Solomons Gold, TranzAlpine Honey NZ, Panna Soaps, Goodbye, Trade Aid. The intention of the NZVS is to increase vegetarianism (including veganism), to reduce cruelty to animals, improve human health, protect the environment and preserve world resources. We do this by encouraging plant-based choices through education, information, support, campaigns and research. The NZ Vegetarian Society is for everybody. We are inclusive of everyone on the vegetarian path, from those reducing their use of animal products through to vegans.
Scoop
02-05-2025
- Entertainment
- Scoop
Think Kind Student Competition Launch 2025
The annual Think Kind Student Competition, run by the NZ Vegetarian Society (NZVS), is open to entries for 2025! This competition offers the opportunity for students from year 0 to 13 to submit any form of creative work which expresses the importance of kindness towards animals and our planet. The grand prize is $1000, which goes towards the winning students' school, kindly provided by Quorn NZ and the NZVS. Additionally, each entrant receives a certificate and a voucher from Hell Pizza, and the top 10 entrants receive a prize pack, containing products from our amazing sponsors. Past entries have included artwork depicting ways we can be kind to animals, poems, short stories, home-made films, and many more! The 2024 grand prize winner was Harriet Mason, a year 6 student from St Albans Primary in Christchurch. Her pencil drawing of a chimpanzee included the message 'Say No to Palm Oil'. NZVS President, Julia Clements, says of the event, ' It's an excellent opportunity for young kiwis to think about how we can better promote kindness towards all animals. In previous years we've seen such creative interpretations of what this looks like, and it's always exciting to see the way students interact with the ideas of sustainability and reducing animal cruelty. We hope that, as in previous years, we get a lot of community support when it comes to the voting stage later this year!' The closing date for submissions is August 17th. The NZVS judging panel will then select the top 20 entries, which will be go live for public voting on World Vegetarian Day (October 1st). The top voted entry will be revealed as the overall winner a month later on World Vegan Day (1st November)! The competition would not be possible without the generous support of our sponsors: Quorn NZ, Hell Pizza, Solomons Gold, TranzAlpine Honey NZ, Panna Soaps, Goodbye, Trade Aid. About the NZVS The intention of the NZVS is to increase vegetarianism (including veganism), to reduce cruelty to animals, improve human health, protect the environment and preserve world resources. We do this by encouraging plant-based choices through education, information, support, campaigns and research. The NZ Vegetarian Society is for everybody. We are inclusive of everyone on the vegetarian path, from those reducing their use of animal products through to vegans.
