Branded goods from India’s top 10 consumer packaged goods (CPG) companies dominate the emerging wholesale cash-and-carry business in the country, insights provider Nielsen said on Wednesday. Udasi explained that this has led to the top 10 manufacturers accounting for 60% of the total organized cash-and-carry sales. Organized wholesale, which was negligible five years ago, is now a Rs.6,800 crore business, growing 13% in the first six months of 2016 from a year earlier. Moreover, within the 12 states, Punjab, Andhra Pradesh and Maharashtra together account for over half of organized wholesale sales. Also, unlike the traditional trade, which consists of 9.6 million kirana stores, the overall organized wholesale cash-and-carry trade consists of four large companies—Metro Cash and Carry India Pvt.

Source: Mint August 17, 2016 19:18 UTC