Ghazal Alagh, cofounder of Honasa Consumer, criticised large FMCG brands like HUL for complacency due to limited competition.

Multi-billion-dollar valuations after less than 10 years of a company’s foundation were thought to be exclusive to the tech sector, not the FMCG industry with its saturated markets, physical products ...

"Contrary to expectations, Diwali witnessed subdued enthusiasm for the FMCG sector ... followed by beauty, and cosmetics," said Dhairyashil Patil, national president of All India Consumer Products ...