CHENNAI: After a year's relief, advertising by FMCG companies is back, and with a bang.
The advertising spends of FMCG and retail companies have gone up significantly in the December 2012 quarter compared with the spends in December 2011 with some companies spending upto 80% more on advertising this fiscal. Godrej Consumer Products for instance, which spent about Rs 58 crore on advertising in the December 2011 quarter dished out roughly Rs 107 in December 2012 and Colgate-Palmolive (India) gave about Rs 99 crore for advertising in 2012 compared with Rs 68.94 it had set apart last year, data from CMIE showed.
"Companies went slow on advertising last year due to the lull in the economy and when they re-enter after a break, it has to be strong," said Harish Bijoor, an independent brand consultant. Globally, companies went slow on ad spends last year but Indian companies are now showing greater confidence in advertising," he said.