New Delhi, Feb. 17 -- Legacy FMCG players, long dependent on general trade, are increasingly turning to quick commerce for growth. Quick commerce is still considered a niche and a pathway to growth and fame for premium, digital-first brands. However, it is now becoming central to legacy firms' ambitions for growth. What has changed? Mint explains.
For the 92-year-old Hindustan Unilever Ltd, the niche platform is already showing signs of growth potential. Quick commerce accounts for about 3% of the company's more than Rs.60,000 crore, implying annual quick commerce sales of more than Rs.1,800 crore. The company has created a separate, focused team for quick commerce because the channel demands a distinct set of capabilities.
This is the ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.