Category — Retail

India’s Aakar Innovations Creates Compostable Sanitary Pads

Twelve percent of India’s 300 million menstruating women use sanitary napkins during their menstrual cycle. One billion commercially produced disposable sanitary napkins made by companies such as Procter & Gamble and Johnson & Johnson end up in urban sewers, landfills, as well as in rural fields and water bodies in India every month.

Because of the adverse environment impact from commercially produced pads, social enterprises and public health organizations are beginning to introduce environment friendly, biodegradable sanitary pads. Headquartered in Navi Mumbai, a city twenty miles north of Mumbai, Aakar Innovations has created Anandi, the first fully compostable pad in India.

Making Anandi Pads

Making Anandi Pads

Made from sterilized agricultural waste and other natural fibers, Anandi pads are sold in rural areas and in urban slums. A pack of eight biodegradable pads is priced at 63 cents says Pratik Kumar, director of Aakar Social Ventures. “We pioneered the making and selling of fully compostable pads in 2013 and today we have 30 manufacturing units all over the country and are setting up manufacturing plants in Kenya, Tanzania, Uganda, South Africa, Rwanda, Sierra Leone, and Ethiopia,” added Kumar.

February 17, 2018   No Comments

Mondelez, Colgate Upbeat about India in 2018

Reporting significant sales growth in the latest quarter, global companies such as Mondelez, ColgatePalmolive and Unilever are upbeat about opportunities in India and said the country remains a bright spot. Several companies posted a double digit year-on-year volume growth for the December quarter.

“India is very strong, we had a 27 percent growth in Q4, but that’s of course lapping the demonetization. Still, we grew double-digits without that, and overall for the year India is up 12%,” Brian Gladden, CFO at Mondelez, said in an earnings call. “We see a growing middle class, we still have a low per capita consumption of chocolates, and the GDP growth rates are pretty strong. So we are overall very bullish on India,” he added.

Toblerone by Mondelez

Companies expect a volume boost from price-cuts that started in July last year and were further accelerated after the GST Council dropped tax rates on 200 products, including chocolates, toothpaste, shampoo, washing powder, and shaving creams, to 18 percent from 28 percent.

February 17, 2018   No Comments

Nestle India’s Revenue Crosses $1 Billion

Nestle India announced that it had crossed $1 billion  in revenue in 2017, and that the company’s net profit grew 22.3 percent. For the quarter ended December 31, 2017, total sales grew 10.9 percent and the company posted a 60% greater net profit compared to the corresponding quarter of the previous fiscal.

Suresh Narayanan, chairman and managing director, Nestle India, said, “It is extremely pleasing that we ended year 2017 on a strong note  in revenue, in a year where we had to adapt to significant changes in the external environment,” refering toe new goods and services tax.

For Valentine’s Day, the company  introduced a new two finger Kit Kat Strawberry Duo — a combination of chocolate and strawberry — priced at 15 cents.

Valentine Day Kit Kat

February 17, 2018   No Comments

Siemens Launches Mobile Diagnostic Device in India

Siemens Healthineers,  part of the Siemens Group, launched a device that embeds mobile technology with diagnostics in India.

“We have signed an exclusive agreement with Jana Care for Aina, a blood monitoring system. It will be the world’s first smart phone-based diagnostic system, which will enable detection and management of chronic diseases such as diabetes and cardiac conditions,” said Anuj Dhingra of Siemens Healthineer. Jana Care is a Bangalore-based diabetes care company.

Aina Device

Meaning ‘mirror’ in Hindi, Aina offers a broad range of tests such as HbA1c glucose, hemoglobin and a lipid profile on a single platform covering immunoassay, enzymatic or chemical affinity. Aina is available in two configurations–a smart phone-based device and tablet-based portable lab system. After connecting with the smart phone, it acts like a diagnostic testing device enabling real-time, lab-quality results within minutes, added Dhingra. A “Habits” app,  comes integrated with the Aina device,  serves virtual diabetes coach that helps patients reach their diet and exercise goals through personalized daily checklists which includes tips, tasks, lessons and quizzes.

This integrated diagnostics and disease management platform is approved for use in Europe, India, Singapore and Malaysia.

February 16, 2018   No Comments

Amazon India May Launch In-House Beauty Products

Amazon India has increased focus on the high margin cosmetics category and might be in talks with local manufacturers to launch Amazon branded personal care products in India, according to a report in the Economic Times, which has been widely re-circulated by others.

Amazon LogoIndia’s online beauty and personal care market is expected to cross $3.5 billion by 2022 from about $300 million now. Sales of both international and Indian beauty brands are increasing. Ananth Narayanan, chief executive of Myntra and Jabong, both fashion and lifestyle e-commerce portals owned by Amazon’s competitor Flipkart said, “We are looking at a contribution of about 8% [from the beauty segment] to our overall revenue by 2020, from the current 1%.”  Shalini Raghavan, chief marketing officer, consumer products division, at L’Oreal India said, “We have definitely added consumers (from tier 2 and 3 towns) through our online presence. With our retail footprint alone, [we] would not have had the same access earlier.”

Amazon India is reportedly talking to contract manufacturers in a few categories within skincare and makeup. The company’s recent partnership with the Shoppers Stop chain of stores will build a steady distribution channel for its beauty products.

February 14, 2018   No Comments