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, 2 months 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 month ago
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit Benchmark indices settled the day flat, swinging between gains and losses throughout the day, as investors remain cautious on muted corporate earnings. Globally, geopolitical tensions rising between US and North Korea and US President Donald Trump’s call for reviewing H1-B visa programme kept the Street wary and uncertain. The S&P BSE Sensex settled the day at 29,336, up 17 points, while ...Rediff.com, 5 days ago Markets settle holiday-truncated week lower, Nifty ends at 9,150 Rediff.com, 1 week ago
Two giant brands get into a slugfest over the goodness of ice creams and frozen desserts, reports Sohini Das. IMAGE: Bengali actress Rituparna Sengupta (left) and actress June Malia ahead of an ice cream eating competition in Kolkata. Photograph: Sucheta Das/Reuters. Temperatures are soaring this summer in the ice creams versus frozen desserts battle between the country’s two behemoths: Dairy major Gujarat Cooperative Milk Marketing Federation that markets the Amul brand of ...Rediff.com, 2 weeks 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
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