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, 1 month ago
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.com, 1 month ago
Talks on with P&G, HUL, Patanjali, among others to push their products via 250,000 common centres Major fast-moving consumer goods (FMCG) players will soon be able to sell their products via 250,000 common service centres spread across rural India, with the government facilitating the move in view of an ever-increasing demand for such items in villages. Common service centres (CSCs) are points in villages where the government provides a host of services related to ration card, birth ...Rediff.com, 1 week 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 week ago
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.com, 1 month ago
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.com, 2 months ago
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