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Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Companies such as HUL and Tata Consumer have also increased tea prices recently due to a decline in production caused by erratic weather conditions.New Delhi: FMCG makers such as HUL and Wipro have hiked soap prices by around 7...

HUL Board approves demerger of ice cream business into an independent listed entity

The existing shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HULNew Delhi: FMCG major Hindustan Unilever Ltd. (HUL) on Monday said its board has approved the demerger of the ice cream...

FMCG firms worry over high inflation, squeezing urban market; hint price hike

Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike.New Delhi: Leading FMCG companies reported a decline in margins in the September quarter because...

HUL to separate ice cream business, does independent valuation

The ice cream business, which contributes 3 per cent to HUL’s turnover, has a different operating model, including cold chain infrastructure, and a distinct channel landscape, which limits synergies with other businesses of the companyNew Delhi: Hindustan Unilever Ltd...

HUL Q2 profit down 2.33 pc to Rs 2,595 cr, sales up 2.36% to Rs 15,703 cr

The company had logged a net profit of Rs 2,657 crore in the July-September quarter a year ago, HUL said in a regulatory filing.New Delhi: FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 2.33% decline in consolidated...

Logistics firm Western Carriers collects Rs 148 cr from anchor investors

The Kolkata-based company's Rs 493 crore initial public offering (IPO) will be available for public subscription from September 13 to September 18New Delhi: Logistics company Western Carriers (India) on Thursday said it has mobilised Rs 148 crore from anchor investors...

HUL gets Rs 963 cr Income Tax demand notice

The notice relates to the non-deduction of TDS on payment of Rs 3,045 crore to GlaxoSmithKline Consumer HealthcareNew Delhi: Leading FMCG maker HUL said that it has received a demand notice of Rs 962.75 crore from the Income Tax...

FMCG players expect volume trends to sustain amid rising demand in rural markets

FMCG majors, including HUL, ITC, Dabur, Britannia, Nestle and Emami, in their June quarter earnings have reported 'green shoots'New Delhi: Fast-moving consumer goods (FMCG) companies expect to sustain volume growth in the coming quarters, buoyed by recovery of demand...

HUL appoints Arun Neelakantan as Executive Director, Customer Development

The changes would be effective from July 1, 2024New Delhi: Leading FMCG maker Hindustan Unilever Limited (HUL) on Thursday announced the appointment of Arun Neelakantan as Executive Director, Customer Development.Neelakantan (43) will be taking over from Kedar Lele, who...

FMCG companies expect volume growth in FY25 with improvement in revenue

HUL said it continues to see positive volume growth across most of its businessNew Delhi: Leading FMCG makers expect a volume-led growth in FY25, with a revival in consumption supported by a lower inflationary environment, projections of a normal...
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Haldiram Snack to invest Rs 300 crore in Bihar; will set up manufacturing plant

The manufacturing plant is expected to be operational by mid-2027Patna: Haldiram Snack, a leading player in the packaged food...
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