The company plans to overhaul business and rationalise costs in a bid to reach parent Unilever's new profit targets, reports Viveat Susan Pinto. The country’s largest consumer goods company, Hindustan Unilever, is expected to take a multi-pronged approach to parent Unilever’s mandate to boost profitability and shareholder returns. This includes aggressively pruning costs as well as rationalising its workforce as it looks to implement the parent’s target of being a ... Rediff.com, 2 days ago
Analysts and sector experts pin this trend down to the aspirational nature of home and personal products. Viveat Susan Pinto reports. IMAGE: Inside an Amul processing unit. An expert says, "What MNCs have is globally-tested best practices and formulations that work well in home and personal care. Products are uniform across markets. In food, uniformity doesn't help. It is local tastes and preferences that work."Photograph: Amit Dave/Reuters. India's nearly 3 lakh crore consumer goods ...Rediff.com, 1 month ago
Recovery seen in Q4, companies continue to focus on enhancing cash flow After a strong start this festive season, textile and apparel manufacturers and retailers suffered a sharp contraction in demand due to the liquidity crisis following demonetisation of high value currency notes in November 2016. If the latest study by Edelweiss Securities is an indication, India's leading pure fashion and lifestyle company, Aditya Birla Fashion and Retail (ABFRL), has lost Rs 100 crore (Rs 1 billion) in ...Rediff.com, 2 months ago
on your WebpageAdd Widget >Get your members hooked!