E-commerce grew in the double-digit in the April-June quarter and traditional trade channels like grocers and chemists remained buoyant in the quarter, according to FMCG Snapshot released by NielsenIQ s Retail Intelligence team.
The commodities which are particularly exacerbating domestic inflation include palm oil, a key ingredient for home and personal care items including soaps.
Street bets on GCPL’s rise under new CEO
With very few value picks remaining in the listed FMCG space, the market is lapping up any opportunity that presents itself and GCPL offers one right now.
Synopsis
Even as most of the FMCG companies outperformed the bourses in recent years, GCPL has been an under-performer. For instance, while stocks of most frontline FMCG companies are trading at or near their record highs, the GCPL stock was trading nearly 30 per cent below its record high hit in 2018 before the new CEO announcement.
Mumbai: It is rare for a stock to jump more than a fifth of its value in a single day on the back of the announcement of the appointment of a new CEO. In a market hungry for positive triggers and value picks, it becomes possible.
In fact, products such as surface disinfectants, clothes disinfectants and mouthwash in the past month are more in demand at neighbourhood grocery stores than detergents and toothpastes, says Ashish Kumar, Co-Founder and COO of retail tech company Near S
Read more about FMCG revenue growth likely to accelerate on low base, healthy demand on Business Standard. Commodity inflation remains area of concern, say firms