Tag: FMCG

  • Nestlé India buoys consumer confidence with new print campaign

    Nestlé India buoys consumer confidence with new print campaign

    Kolkata: After the Swiss major FMCG Nestlé faced flak over the nutritional value of its products, its Indian unit has announced a major outreach campaign to reassure and retain its customers.

    In the print advertisement released on Sunday, the company asked consumers to share their concerns. The ad displays the entire portfolio of Nestlé India products emphasising the fact that the products are made with “over a 100 years of trust.”

    The multinational company said that it is releasing a series of print advertisements over the next few days, “to reassure consumers that it genuinely cares about what matters to them, what concerns them, and that we are there for them 24×7 if they have any questions or suggestions.” The ads also include contact details which consumers can use to reach out to the company.

    The global food major came under fire last week, after Financial Times reported, that an internal document of the company has described a large portion of its food and drinks as ‘unhealthy. According to the report, more than 60 percent of Nestlé’s mainstream food and drinks portfolio did not meet the recognised definition of health. This excludes products like pet food, baby food, and specialised medical nutrition.

    “Recent reports have questioned the healthfulness of Nestlé products, because of a global internal working document that was reported out of context. The portfolio analysis only covers about half the global sales, since several prominent categories were not included,” said a spokesperson for Nestlé India, as quoted by The Hindu.

    According to the company, the portfolio analysis only covers about half the global sales, since several prominent categories were not included. “In fact, looking at the global portfolio as a whole, less than 30 per cent would not meet stringent external “healthfulness” standards, mostly representing indulgent products, which are acceptable in moderation as part of a healthy, balanced and enjoyable diet,” the spokesperson added.

    The parent company of household names like Maggi, Milkmaid, Kitkat, Nescafé said its approach as “a credible, trustworthy and responsible company is to always communicate with consumers on facts, in a humble and transparent tone and manner.

    In its defence, Nestlé had also said that efforts were ongoing over decades to improve the nutritional footprint of its products, adding that it has reduced sugar and sodium in the last two decades, about 14-15 per cent in the past seven years alone.

    As far as Nestle India’s portfolio is concerned, it is somewhat different from its parent company with only nine out of Nestle’s 35 billionaire brands having a presence in India.

    This is not the first time that Nestle has found itself in such controversy. Its instant noodles Maggi came under scrutiny after samples were reported to have higher than permissible levels of monosodium glutamate. Following legal challenges, negative consumer sentiment, it had to launch a fresh set of products.

  • Sebamed’s Konark Gaur joins Marico

    Sebamed’s Konark Gaur joins Marico

    Mumbai: Healthcare brand Sebamed’s head of marketing for India, Konark Gaur, has joined FMCG company Marico. He has been appointed as business head – New Foods. 

    Gaur announced his latest move in a LinkedIn update.

    An industry veteran, Gaur carries an experience of over 16 years. He started his brand marketing career with Nestle in 2004 and was also associated General Mills. He joined the healthcare brand Sebamed in May, 2019.

    Gaur is also founder and CEO of hijinny.com, and co-founded beauty salon Jazz Up Salon.

  • ITC records Q4 net profit of Rs 3,817 cr

    ITC records Q4 net profit of Rs 3,817 cr

    New Delhi: ITC Ltd on Tuesday reported a consolidated net profit of Rs 3,816.84 crore for the fourth quarter ended March 2021.

    The cigarette-FMCG-to-hotel major had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal, according to the regulatory filing. The revenue from operations rose to Rs 15,404.37 crore during the quarter under review. It was Rs 12,560.64 crore in the corresponding period of 2019-20.

    However, ITC said its results for this quarter are not comparable with the earlier period as it also includes the revenue of Sunrise Foods, which it had acquired on 27 July last year. “The financial results of the group and ‘FMCG Others’ of the quarter and the financial year ended on 31 March 2021 include those of Sunrise from 27 July 2020 and consequently are not comparable with previous periods,” it said in the filing.

    The total expenses of ITC stood at Rs 10,944.64 crore in Q4 FY 2020-21.

    The sale of cigarettes recorded significant improvement during the quarter under review, while the ITC hotel business was severely impacted by the pandemic. Revenue from its cigarette business rose nearly 14.2 per cent to ₹5,859 crore for March quarter, compared with ₹5,130 crore in the corresponding period. On the other hand, the revenue from the hotel business reported a 38 per cent year-on-year decline to ₹287.77 crore in Q4FY21. Revenue of the remaining FMCG business fell 1.5 per cent to Rs 3,694.8 crore.

    For the full fiscal year 2020-21, ITC’s net profit was at Rs 13,389.80 crore, with a net profit of Rs 15,584.56 crore in FY20. Revenue from operations came in at Rs 53,155.12 crore, compared to Rs 51,393.47 crore in 2019-20.

  • Mamaearth onboards Avinash Dhagat as VP- Operations

    Mamaearth onboards Avinash Dhagat as VP- Operations

    Mumbai: FMCG brand Mamaearth has appointed Avinash Dhagat as vice president, operations. In his new role, he will be leading the operations and supply chain for the brand.

    Dhagat is a seasoned professional with over 15 years of experience across automotive and FMCG sectors, most recently as head of supply chain at Loreal India’s consumer division. Over the years he has gained in depth understanding of Demand & Supply Planning, Inventory Management & Customer Service, in India and GCC markets. After graduating from NIT, Warangal, he pursued his master’s in supply chain and Logistics. With his pragmatic approach, he has been instrumental in making supply chain processes coherent and orderly, said the company on Tuesday.

    Talking about his new role, Dhagat said, “Mamaearth has displayed disruptive growth over the last four years and has displayed exceptional abilities in managing supply chain processes with scale up. It is extremely exciting to be a part of a brand which is on the upheaval, both on how to keep pace with the scale up and introducing newer practices to make the processes even more efficient in this journey. I look forward to working with the fastest growing brand in India and becoming a part of every household in the years to come.”

    Mamaearth co-founder and CEO Varun Alagh said, “I am delighted to welcome Avinash as vice president, operations. Avinash’s experience combined with his commercial and planning expertise over the last decade in FMCG, will help make Mamaearth supply chain processes more systematic and streamlined. We wish him great success in his new role.”

    Dhagat will be based out of the Gurgaon office. The appointment comes on the heels of other critical and strategic additions to the leadership team of Mamaearth. 

  • Mamaearth appoints Karan Bajwa as vice president- HR

    Mamaearth appoints Karan Bajwa as vice president- HR

    MUMBAI: FMCG brand Mamaearth has appointed Karan Bajwa as vice president, human resources for Honasa Consumer Pvt. Ltd.

    Bajwa has eight years of experience across talent functions like total rewards, business partnering and HR shared services in companies across telecom and FMCG.

    Mamaearth has grown exponentially over the past few years and is expanding at a rapid rate. Adding Bajwa to the team is part of their plans to identify and implement long-term strategic talent management goals, the company said on Thursday. Bajwa has years of experience at Airtel and Reckitt under his belt.

    Mamaearth co-founder and CEO Varun Alagh said, “Being the fastest-growing D2C brand, we don’t want to simply add to the volume of our workforce, but want to grow as a family. Mamaearth wants to ensure that our employees are well looked after, have access to benefits, and experience a happy company work culture. We’re excited to grow our family and are glad to have someone as experienced and able as Karan to help us achieve our goals.”

    Karan Bajwa will be based out of the Gurgaon office. The appointment comes on the heels of other critical and strategic additions to the leadership team of the brand.

    “Mamaearth is a brand that has made a difference, not just to the consumer market, but also to the way FMCG companies conduct business. I am honoured to be part of the management team and look forward to helping create an impactful talent strategy by streamlining existing processes in addition to implementing new initiatives for the positive growth of the company,” said Karan Bajwa on his new role. 

  • Vodafone Idea appoints Reema Jain as chief digital officer

    Vodafone Idea appoints Reema Jain as chief digital officer

    New Delhi: Vodafone Idea Ltd has appointed Reema Jain as its chief digital officer. She will lead the company’s digital strategies, execution, and adoption.

    Jain will report directly to managing director and chief executive officer Ravinder Takkar.

    She was previously associated with FMCG major Unilever as head of IT where she was responsible for Supply Chain delivering Digital solutions. Jain spent five years at Unilever and has also served the company at the global level as IT Director – Digital Integration and IT Director –Application Management. Before Unilever, she worked as Oracle’s Technology Leader at GE.

    With over two decades of experience in the industry, Jain has expertise in IT Strategy, Technology Delivery, Digital Solutions, Transformation Project Management, Operational Excellence, and Agile Methodologies. 

  • Colgate-Palmolive Q4 net profit rises 54% to Rs 314 cr

    Colgate-Palmolive Q4 net profit rises 54% to Rs 314 cr

    New Delhi: Riding on higher sales, FMCG major Colgate-Palmolive India reported a 54.1 per cent jump in its net profit at Rs 314.6 crore for the quarter ended 31 March. The company had posted a net profit of ₹204.15 crore in the January-March quarter a year ago.

    It’s net sales went up by 20.2 per cent to ₹1,275.01 crores during the quarter under review, as against ₹1,062.35 crore in the year-ago period, the FMCG major said in a regulatory filing.

    Colgate-Palmolive (India), managing director Ram Raghavan said the company continues to witness strong momentum across all categories.

    “Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum versus year ago as well as on a sequential basis. Our strong discipline on driving efficiencies continue to hold us in good stead as we make strong progress across key financial metrics on the P&L,” said Raghavan, adding that the company continues to amplify its innovation focus.

    The oral hygiene product maker’s recent launches include Colgate Toothpaste for Diabetics, Colgate Vedshakti Spray and Oil Pulling. Other initiatives across its portfolio include the launch of Colgate Magik, the first augmented reality toothbrush that makes brushing fun.

  • CavinKare to vaccinate all employees in India, Bangladesh and Sri Lanka

    CavinKare to vaccinate all employees in India, Bangladesh and Sri Lanka

    New Delhi: Fast moving consumer goods major CavinKare has announced that it will provide Covid-19 vaccination cover to all its employees and dependent family members in India, Bangladesh and Sri Lanka.

    The company said it will cover 1,700 employees both at factory and corporate level. In addition, it will provide financial assistance to the bereaved family by paying an annual salary for a fixed time frame as an immediate monetary support over and above the statutory insurance benefits, it said on Friday.

    As part of Covid-19 relief initiatives, the company has also extended educational support and sponsorship till college for two children of the deceased employee, it said.

    “We want to stand by our employees and their family during these trying times by offering the right support and nurturing a positive ecosystem. Their health and safety are of monumental importance to us at CavinKare,” said company director and CEO – Personal Care and Alliances, Venkatesh Vijayaraghavan.

    “We will continue to prioritise the overall well-being of our employees and extend support to their family in these uncertain times” he added.

     to their family in these uncertain times” he added.

  • FMCG ad volumes show record growth amid pandemic threat

    FMCG ad volumes show record growth amid pandemic threat

    In a piece of good news for the television industry amid these pandemic times, ad volumes for the FMCG sector in April witnessed a record growth, said Broadcast Audiences Research Council (BARC). 

    According to BARC data released on Thursday, ad volumes for FMCG grew by 166 per cent and 42 per cent compared to 2020 and 2019 respectively. In April 2021, ad volumes for the building equipment category also witnessed a steep 200 per cent growth over April 2020. 

    Ad volumes for durables on Ugadi/Gudi Padwal Festival were at an all-time high in 2021, and 39 new advertisers debuted in the durables sector in April 2021. Some of the top brands that advertised in the durables sector include Symphony Air Coolers, Bajaj Ceiling Fans, Bajaj Air Coolers, LG Linear Cooling, and Liebherr refrigerators. 

    Despite the looming threat of Covid-19 in the country, TV ad volumes for January to April 2021 were at an all-time high when compared to previous years. The television monitoring agency revealed that the first four months of 2021 started on a very positive note with more ads on air as compared to the last four years. 

    Total ad volume increased by 39 per cent for the January to April 2021 period as against 2020, which also happens to be the all-time highest compared to the same period in previous years. 

    BARC India client partnership and revenue function head Aaditya Pathak said that the steady growth in ad volumes is an indication of advertisers’ belief in television to market their product even in these difficult pandemic times. 

    “Television continues to be resilient even during the most difficult times and data from January to April 2021 reinstates this sentiment. Advertisers continue to rely on television to reach out to the right audience in spite of Covid-19 limitations and lockdowns in various parts of the country. We are also witnessing many new advertisers turning to TV in this quarter adding to the positive sentiment for the medium,” added Pathak. 

  • Sudhir Sitapati moves on from HUL, to be replaced by Srinandan Sundaram

    Sudhir Sitapati moves on from HUL, to be replaced by Srinandan Sundaram

    NEW DELHI: Hindustan Unilever (HUL) executive director foods and refreshment Sudhir Sitapati is moving on from the FMCG major. He will be replaced by Srinandan Sundaram, currently executive director – customer development. The appointment will be effective 1 July 2021.

    Sitapati is leaving the organisation to pursue an external opportunity.

    He joined HUL as a management trainee in 1999 and has successfully managed roles across sales and marketing. As executive director – foods and refreshment, he led the transformation of the brand’s Tea portfolio into a purpose-led category that regained market leadership and gained shares for the last three years.

    During his tenure, he also led the merger of Adityaa Milk and more recently, GSK Consumer Healthcare business into HUL, bringing iconic brands like Horlicks and Boost into the Unilever family. The Unilever Food Solutions business was also rewired and transformed into a growth engine.

    Sundaram joined HUL as a management trainee in 1999 and over the last 22 years, has had a strong track record in both customer development and marketing. In his current role, Srinandan has been at the forefront of bringing in leading-edge technology and transforming the company’s CD organisation into a high tech – high touch team. The Shikhar app, launched under his leadership, has lent a competitive edge to the business, especially during the pandemic and is the largest eb2b app in India today.

    HUL chairman & MD Sanjiv Mehta said, “I would like to thank Sudhir for his immense contributions to the company over the last two decades. We cherish iconic ad campaigns like Daag Acche Hain and Swad Apnepan Ka that were created under his leadership. He played a pivotal role in the merger of GSK CH into HUL. I wish him the very best as he embarks on a new chapter in his career. I am delighted with the appointment of Srinandan as head of foods and refreshment and I’m certain that he will take the business to the next level of performance.”