Written By Devika Singh Given the low footfall, QSRs like Chaayos and Chai Point have added more food items in their menus for delivery Experts say these chains are “stepping away from their core offering”. Social distancing has thrown a spanner in the works for tea cafés that were originally built around the concept of ‘catching up’. Given the low footfall, QSRs like Chaayos and Chai Point have added more food items in their menus for delivery, and are ramping up their packaged food offerings. According to a Zomato report released in August, dining was operating at 8-10% of the…
Written By SAMAR SRIVASTAVA Even with solid tea, coffee and water brands, the company had seen uninspiring returns. Now, the re-invented TCP is writing a new script Sunil D’Souza, MD & CEO of TCP, is rejigging internal structures and distribution methods Image: Mexy Xavier Why are we not in the top echelons of Indian consumer businesses, was a question that resounded often within the hallowed walls of Bombay House, the headquarters of Tata Sons. The 152-year-old business house had some of the biggest consumer brands in the country across sectors—from automobiles and jewellery to consumer durables and beverages. Over the…
Written By Venkata Susmita Biswas As per Euromonitor International, the toys and games industry in India was worth Rs 10,557 crore in 2019 PM Modi had in August urged startups to innovate for the toy sector to boost global imprint of Indian toys. (Representative image) With schools shut and online classes on in full swing, stationery products are finding fewer takers. The pandemic has also adversely affected other categories closely associated with children’s activities, such as such toys, games and hobby products. Categorised as non-essentials, toys and stationery products have registered a sharp decline in sales over the last six…
Written By Mihir Dalal (From left to right) Doug McMillon, CEO of Walmart, which owns Flipkart; Mukesh Ambani, chairman and MD of RIL; Jeff Bezos, CEO of Amazon BENGALURU : Last month, Nimit Jain, an entrepreneur, ordered biscuits, shampoo, toothpaste and other items for his family in Kota. He used JioMart—the new online shopping app by Mukesh Ambani’s Reliance Industries Limited—lured by its low prices and freebies. JioMart was to deliver the order within two days, but Jain’s family didn’t receive the items on time and JioMart didn’t inform Jain about the delay. The delivery was done four days after…
Written By Shruti Venkatesh Reliance Retail now has the bargaining power to challenge India's biggest FMCG firms—HUL, ITC, Nestle—on both margins and market share. FMCG firms won't give in quietly, but RIL's dominance over both the organised and unorganised grocery retail sectors will make it a difficult map to navigate The fast moving consumer goods (FMCG) sector in India is like a giant jigsaw puzzle. There are thousands of brands across dozens of segments. When put together, though, they paint a picture of just a handful of companies pulling all the strings. Take homegrown Hindustan Unilever Limited (HUL). With a…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
