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About 9 results for "hul rsquo"

HUL MD: 'We're still assessing how long the pain will last'
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HUL MD: 'We're still assessing how long the pain will last'

We’ll not take our eyes off volumes, says Sanjiv Mehta, MD of HUD, after announcing that demonetisation had impacted the company's sales by four percent. IMAGE: Sanjiv Mehta, MD HUL: “All those products that had greater exposure to rural, which includes our mass-market brands, were hit due to the currency crunch.” Photograph: Rupak De Chowdhuri/ Reuters The note ban announced in November 2016 crimped volume sales by four per cent at the country's largest consumer goods firm, ... Rediff.com, 3 weeks ago
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Consumer goods firms hit hard by note ban in Q3

HUL, the country’s largest FMCG company, saw sales volume fall by 4% for the December quarter. The December quarter results, declared by key consumer goods companies, so far show the Rs 3.2-lakh-crore domestic fast-moving consumer goods market has borne the brunt of the high-value note ban announced by the government two months ago. The country’s largest FMCG company -- Hindustan Unilever -- saw sales volume fall by four per cent for the December quarter. However, an equivalent ...
 Rediff.com3 weeks ago
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Demonetisation haunts HUL Q3 as consumers become cautious with cash

A Nielsen study found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai. Less than one per cent of the 3,200 traditional trade stores that Nielsen contacted in the weeks following demonetisation had card machines, digital wallets or coupons, indicating sales would continue to be muted for some time. Photograph: Danish Siddiqui/Reuters. Hindustan Unilever (HUL), ...
 Rediff.com2 months ago
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Sensex, Nifty end 1% higher ahead of January F&O expiry

In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively. Benchmark indices settled on a higher note with Nifty 50 holding 8,450 level ahead of expiry of January derivative contracts tomorrow and Union Budget that will be presented on February 1. Analysts are hoping for a budget that delivers some incentives to support an economy that has been hit by India's shock move to ban higher-value banknotes. Sensex rallied as ...
 Rediff.com3 weeks ago Sensex ends 183 points higher as investors await Fed outcome  Rediff.com2 months ago
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Ramdev's Patanjali gets a rating upgrade from Icra

The upgrade, said Icra, takes into account the “robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics”. For the first time, Patanjali Ayurved, co-founded by yoga guru Ramdev and his deputy, Balkrishna, has got a rating upgrade. Icra has revised its long-term rating upgrade for the company from the earlier ‘A-’ to one of ‘A+’, for Rs 300 crore of fund-based facilities. And, it also ...
 Rediff.com1 month ago
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Advance tax outgo affected by currency recall

Consumer goods, durables, automobiles worst hit. Demonetisation has crippled the earnings of fast-moving consumer goods, durables and automobile companies.   Companies like Hindustan Unilever and Asian Paints have told tax officials their sales took a beating due to the high-denomination note recall on November 8. HUL on Thursday reported a decline of nearly 10 per cent in its advance tax outgo for the third quarter to Rs 560 crore from Rs 620 crore in the same period a year ago.
 Rediff.com2 months ago
Rediff.com

Why consumer companies are staring at a bleak Q3

Double whammy for consumer firms, where the top line will remain subdued due to demonetisation and margins will squeeze owing to a crude oil spike and rupee depreciation, reports Viveat Susan Pinto/Business Standard from Mumbai. IMAGE: The pressure to raise prices is growing as input prices shoot up. Photograph: PTI Photo. Demonetisation is not the only worry for consumer companies in the December quarter. Operating profit margins could come under pressure as a spike in crude oil prices and ...
 Rediff.com2 months ago
Rediff.com

Ad industry fears note ban will hit 2016 growth as spending slows

Ban on high-value currency sends advertising industry into a tailspin. The ban on high-value notes has left the domestic advertising market reeling as ad-heavy categories such as consumer goods, retail, real estate, auto and jewellery have seen a spurt in ad cancellations and postponements.  The shortfall in ad spends for the December quarter, one of the busiest periods in an advertising year, is pegged at Rs 1,000-1,500 crore. This, according to ad and media agency heads, translates into ...
 Rediff.com2 months ago
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