Godawat Consumer considering selective price cuts amid easing input costs: CEO Salloni Ghodawat
New Delhi [India]June 22 (Memorial): In recent months, with the input costs of many foodstuffs showing signs of stability, Rapid -moving consumer goods (FMCG) player Ganawat Consumer Limited is investigating selective price revisions, increasing the product value in the sector to re -calibrate a wider tendency in the sector.
Ghodawat Consumer Limited, CEO (CEO) Salloni Ghodawat said, “We are always determined to offer value to our consumers. Input costs are balanced and we re -invest in better quality and packaging innovations while evaluating price adjustments in possible places.” He said.
Consumer price inflation in India, which continued its down slide, has fallen in May for more than six years and provided response to ordinary people.
In May, significant decrease in inflation can be attributed to a decrease in pulse and product, vegetables, fruits, cereals and products, household goods and services, sugar and confectionery and egg prices.
Meanwhile, the food index of the wholesale price index, which includes ‘food articles’ from the primary groups and ‘food products’ from the produced groups of products, increased slightly from 189.3 to 189.3 in May. However, the food inflation rate fell to 1.72 percent in May compared to 2.55 percent of the previous month.
FMCG firms reported quiet performance in the fourth quarter of the 25 financial year due to the continuation of the weakness in the urban market. Speaking about projections for the upcoming neighborhoods, Ghodawat Consumer CEO showed optimism about the company’s performance in the coming quarter.
“Commenting on certain numbers is early, but we expect an improvement in margins and high -level growth in the next quarter.”
After a suppressed fourth quarter, which weighs the softness of urban market softness, the company has a stronger performance in the coming months, focusing on a renewed focus on innovation and digital participation.
“We are actively working on multiple strategy to increase growth. This includes accelerating digital campaigns to deepen and expand our modern trade, e-commerce and rapid trade assets, to promote new variants and to recall the brand.” He said.
Directly to the consumer, a healthy snack brand ‘Honest (TBH)’ company announced the goal of accessing the company LaWith its market expansion, developing consumer preferences and health and fitness, 50 Crore celebrates the decade and inclusiveness in the healthy snack market, while our goal of reaching 50 CRORE in the next three years reflects our commitment to increase the snacking experience for all of them.
To be honest (TBH) has completed its 10th successful year in the industry, and now it has become a series of healthy and unique vegetables and fruits snacks with innovative curator using innovative vacuum cooking process. The snacks maintain more than 90 of the nutrients of raw vegetables and fruits.
According to the company, TBH has recently committed to eliminating palm oil from its products and strengthening focusing on health and sustainability.
Over the years, Tier, one of the urban consumers who adopted the brand target audience early, shifted to a wider market with 2 and level 3 cities.
With a expanded product range containing multiple squares such as beets, gumbo, sweet potatoes and garden chips, TBH brought GCL in -house production to improve quality control and accelerate the development of new products.
To be honest (TBH), in 2023, Ghodawat was purchased by the Consumer Limited (GCL) impulse section. This strategic acquisition significantly increased the growth of TBH and strengthened its position on the market as one of the best and most popular brands in this sector. (MOMENT)
