FMCG

Summary: Mumbai (Maharashtra) [India], May 17 (ANI): Equity benchmark indices continued their upward momentum on Friday led by financial and FMCG stocks and gained the most in nearly two months ahead of exit polls of general elections.

The Ministry of Commerce issued SRO 237, demanding FMCG importers ensure that the shelf life of imported products is at least 66% at the time of their clearance, mention ingredients, nutritional values and usage instructions in Urdu and English.

A Nielsen e-commerce study across 30 countries indicates FMCG online sales are growing an estimated five times faster than offline sales, and by 2020 global FMCG e-commerce will be worth more than $400bn and comprise 10%-12% of overall FMCG market share.

Atlas's stationery business fits into Hemas's FMCG segment and Atlas will be able to leverage on Hemas's established distribution network once the integration is completed.

Pakistan FMCG Importers Association leaders said that the business community had always voiced for consultation before imposition of such duties and taxes but authorities did not bother to approach the stakeholders and impose decision unilaterally.

"Kantar Worldpanel's Smart Shopper Study is a unique tool that allows retailers and manufacturers to understand where consumers are purchasing their FMCG needs and why they choose to patronize that particular channel.

One such forecast, based on the finding that the market share of supermarkets and hypermarkets is shrinking, is that by 2021, the global FMCG spend in these establishments will be reduced to only 48 percent, from 52 percent in 2016.

In 2016, Ramdev's FMCG business was reportedly worth Rs11 billion (Dh626 million).

FMCG Direct is expected to deliver 2017 revenue of approximately USD 80m to USD 85m and to be slightly dilutive to 2017 EPS by approximately USD 0.05 per share for the full year.

Globally, the majority of FMCG organizations operate supply chains in multiple countries.