Hindustan Unilever (HUL) revealed on Wednesday top-level changes to its management committee, which controls the company’s operations. According to a business announcement, Shiva Krishnamurthy (49) will join the HUL Management Committee as Executive Director, of Foods and Refreshment. HUL owns brands such as Rin, Surf Excel and Dove. Srinandan Sundaram, Executive Director, Foods and Refreshment, […]
Nestle India, on Wednesday, reported a rise of 4.38 per cent in net profit at Rs 655.61 crore in the fourth quarter ended December 2023 as against the net profit of Rs 628.06 crore in the same period of the previous fiscal, the company said in a BSE filing. Its total revenue from operations also […]
Fast-moving consumer goods (FMCG) businesses have reported single-digit volume growth with improved margins in most divisions during the December quarter, boosted by dipped commodity inflation, yet the operational environment remained tough. Some firms also reported a drop in topline numbers as they passed on the advantages of decreased commodity costs to consumers, affecting their gross […]
The Finance Minister presented the interim budget for the fiscal year 2024-25 on 1 February, and fast-moving consumer goods (brands) players have many things to say as they have welcomed the Interim Budget 2024. Industry players believe that the government’s interim budget maintains continuity in policies, focusing on welfare and support for the ‘Garib,’ ‘Mahilayen,’ […]
Dabur India on Wednesday reported an increase of 6.24 per cent in consolidated net profit at Rs 506.44 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 476.65 crore in the October-December quarter a year ago, Dabur India said in a BSE filing. Its revenue from operations […]
Adani group’s FMCG arm Adani Wilmar on Wednesday reported an 18 per cent year-on-year (YoY) dip in its December quarter profit at Rs 200.9 crore as against Rs 246.1 crore in the year-ago quarter. The company had reported a loss of Rs 130.7 crore in the September quarter of FY24. Its revenue decreased by 17 […]
ITC on Monday reported a 6.51 per cent increase in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter due to a resilient performance by the FMCG vertical compared to a consolidated net profit of Rs 5,070.09 crore in the October-December period a year ago, according to the regulatory filing. Its gross revenue […]
Marico, the FMCG company, reported a Q3FY24 profit of Rs 386 crore, marking a 15.9 per cent increase compared to Rs 333 crore in the third quarter of FY23, surpassing estimates. The revenue from operations stood at Rs 2,422 crore, reflecting a 1.9 per cent decrease, with underlying volume growth of 2 per cent in […]
FMCG sector navigates muted rural demand and eyes government support in the upcoming budget for growth, innovation and healthier product incentives The rural demand has been muted over the past quarter for almost all fast-moving consumer goods (FMCG) companies. The Interim Budget that will be presented on 1 February will be a Vote on Account […]
Spicy ramen from South Korea is rapidly gaining popularity in India, surpassing the appeal of instant noodles. Following the success of South Korean dramas, beauty products, cars and electronics in the Indian market, Korean noodles have become the latest trend, evolving from a pandemic-induced fad into a lasting phenomenon. Recognising this shift, Indian fast-moving consumer […]
