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FMCG firms slash prices to pass on GST benefits to customers

FMCG companies, including ITC, Dabur, HUL and Marico, said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers. The companies said they will extend the price reduction to other categories, which...

US-based Mitchell targets Rs 100 cr turnover from India in 3 yrs

US-based skincare firm Mitchell is looking at a Rs 100-crore turnover from the Indian market in the next three years as it plans to augment portfolio and stretch its presence to outside metro cities in the country. "We are looking...

Indian cosmetics industry to touch US $35 billion by 2035: Survey

India's cosmetics and grooming industry market size is expected to rise manifold to US $35 billion by 2035, with consumption of cosmetics among teenagers increasing rapidly, says a survey. The joint study by Assocham and research agency MRSS India pegged...

Pre-GST sales impact subdue FMCG cos performance in Q1: Experts

Top FMCG players, including Hindustan Unilever, Dabur, Marico and Emami would have performed much better in first quarter had sales not been impacted by de-stocking ahead of GST implementation, according to industry experts. According to a PTI report: While HUL...

Dabur Tunisie being wound down; liquidation in process

FMCG player Dabur India's step-down subsidiary Dabur Tunisie is being wound down and the liquidation is in process, the company said today. According to a PTI report: It, however, did not disclose the reason. "Our step-down wholly-owned subsidiary Dabur Tunisie is...

Dabur India reports 10 pc decline in Q1 net profit

FMCG major Dabur India has reported a 9.80 per cent decline in consolidated net profit at Rs 264.86 crore for the first quarter ended June on account of de-stocking by trade partners ahead of GST rollout. According to a PTI...

Top 12 Retail and Consumer Products Billionaires in India 2017

American business magazine Forbes released its annual list featuring richest people in the world on March 20, 2017. It was a record year for the richest people on earth, as the number of billionaires jumped 13 per cent to 2,043...

GST to have short-term adverse impact on sales and profit: Dabur

FMCG major Dabur said GST will leave a short-term adverse impact on its sales and profits due to destocking at trade channels but the tax reform will be beneficial in the 'medium-to-long run'. According to a PTI report: However, the...

FMCG cos expect dip in inventory levels, normalcy in Q2 in the run up to GST

FMCG firms are preparing for reduced stocks in their trade channels for a couple of months as anxious dealers cut down inventory levels in the run up to GST, the new indirect tax regime, from July 1. According to a...

Dabur SA to acquire personal care products firms

Dabur India has said its wholly-owned subsidiary Dabur South Africa will acquire two personal care products company in that country for a total cash consideration of 50 million rands (about Rs 25 crore). According to a PTI report: The companies...
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Malabar Group’s Playaza to launch Rs 20 crore FEC in Kochi

The 23,000 sq. ft. outlet will be located at Centre Square Mall, MG Road, Kochi Bengaluru: Retail conglomerate Malabar Group’s...
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