Colgate-Palmolive India on Monday, reported a 35.7 per cent rise in net profit after tax (PAT) at Rs 330.11 crore for the quarter that ended 31 December 2023 as against net PAT of Rs 243.24 crore for the same quarter in the previous fiscal, company said in a regulatory filing. The company’s net sales rose […]
Hindustan Unilever (HUL) is expected to have a stable performance in Q3FY24 results, with market volumes recovering to mid-single digit level compared to their base period figures due to continued market share. The company showed a decent performance in Q2FY24 with topline and volumes improving, although it missed targets due to unseasonal rains and delayed […]
Tata Consumer Products (TCPL) will fund its acquisitions of Capital Foods and Organic India, which have a combined enterprise value of Rs 7,000 crore, with internal cash reserves and bridge financing, MD and CEO Sunil D’Souza said on Sunday. Both acquisitions are in regions with “huge runway for growth,” where margins are “far accretive” and the company […]
Dabur, a major player in fast-moving consumer goods, encountered challenges in the third quarter of the current financial year, with projections indicating potential impacts due to a weaker winter, as per insights from Emkay, a brokerage firm. Despite these challenges, expectations point to approximately 7 per cent growth in consolidated revenue and a 9 per […]
Analysts anticipate a sluggish revenue growth in the third quarter of FY24 for the fast-moving consumer goods (FMCG) sector due to subdued volumes, despite the favorable impact of lower raw material prices on gross margins. The persisting demand challenges have led to restrained volume growth across FMCG products. Rural volumes lag behind urban figures, impacted […]
Dabur said in a third-quarter report on Thursday that it anticipates consolidated sales to climb in the mid to high single digits, a small improvement over the July-September period. The company which is the producer of Real juice, Homemade sauces, and Chyawanprash stated in a stock exchange filing that its foods and beverages business, which […]
High-profile acquisitions, Apple’s foray and the blend of online and offline experiences redefine India’s retail landscape in 2023 As 2023 concluded, the retail landscape experienced substantial changes where high-profile acquisitions and divestments were seen reshaping the corporate landscape. With the arrival of tech giant Apple in India, the direct-to-consumer (D2C) platforms and brands embracing the […]
The Hershey Company appointed Luigi Mirri as general manager of India on January 1, 2024. Mirri served as the general manager of APAC, and now will expand his responsibilities to include India, the company said in a statement issued on Tuesday. He has spearheaded the expansion of the brand footprint in critical markets, such as […]
DMart, operated by Mumbai-based Avenue Supermarts, disclosed a standalone revenue of Rs 13,247.33 crore for the quarter ending 31 December 2023, marking a 17.19 per cent surge from the previous year’s Rs 11,304.58 crore. Comparatively, this revenue figure surpasses both the Rs 9,065.02 crore reported in the same quarter of 2021 and the Rs 7,432.69 […]
Hindustan Unilever, the FMCG manufacturer has announced that it has received Goods and Services Tax (GST) demands and penalties totalling Rs 447.5 crore from the authorities. The company has received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to […]
