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FMCG makers see green shoots of revival in rural market, increase marketing spends

Firms such as HUL, Godrej Consumer Products Ltd, Dabur, Marico and Emami expect recovery in consumption and are increasing upfront marketing investments in advertising and promotionNew Delhi: Major FMCG companies feel the demand slump has bottomed out and there are...

Worst of inflation may be behind us, says HUL CEO Sanjiv Mehta

The rural market, which has been reeling under the impact of high inflation, has seen some green shoots in terms of slowing of the decline of growth, added MehtaNew Delhi: The worst of inflation is "perhaps behind" but there...

Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures

After the acquisition of a 51 percent stake for a consideration of Rs 264.28 crore, Zywie Ventures has become a subsidiary of HULNew Delhi: FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a...

HUL to acquire majority stake in OZiva and 19.8 pc in Wellbeing Nutrition; to invest Rs 335 crore

Hindustan Unilever Limited invested in OZiva and Wellbeing Nutrition to foray into the health and wellbeing segment New Delhi: Leading FMCG maker HUL on Thursday announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in...

HUL and GSK Consumer to terminate distribution agreement for OTC products

The agreement was for brands such as Crocin, Eno, Iodex, Ostocalcium, Otrivin, and Sensodyne. The one-year notice period for termination shall commenced from November 9, 2022New Delhi: FMCG major Hindustan Unilever Ltd (HUL) and healthcare firm GSK have mutually decided...

FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases

In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such as Britannia, Dabur and Nestle have reported volume growth as wellNew Delhi: The FMCG industry expects an improvement in...

FMCG major Emami looks for acquisitions in India, internationally

FMCG major Emami Ltd is looking out for acquisitions both in India and international markets to strengthen its footprint, while also tapping at opportunities arising out the coronavirus pandemic, according to a senior company official. The company, which is seeking to enhance...

Govt in final stage of drafting e-commerce policy

The government is in the final stage of drafting the e-commerce policy and National Retail Trade policy, Union minister Som Parkash said on Wednesday. According to a PTI report: The Minister of State for Commerce and Industry said the government...

HUL Q2 net up 8.6 pc at Rs 1,974 crore

FMCG major Hindustan Unilever on Tuesday reported an 8.58 percent increase in consolidated net profit to Rs 1,974 crore for the quarter ended on September 30, 2020. The company had posted a net profit of Rs 1,818 crore in...

FMCG stocks on a roll as household binge during lockdown drives valuations

Stocks of fast-moving consumer goods (FMCG) companies are on a roll since the lockdown in March as increased consumption at home and lesser disruption in demand compared to other sectors have boosted valuations. The FMCG Index grew 32 percent from...
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Swiggy announces 5th ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events, benefitting...
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