FMCG sector grows 7.3% in December quarter, rural sales up 14.2%, says data firm Nielsen
The snapshot released by NielsenIQ’s Retail Intelligence team showed large manufacturers bouncing back and small ones clocking double-digit growth
Reliance Retail plans to use kirana stores for delivery of non-perishable items ordered on JioMart
The kiranas will source goods from the retail giant or elsewhere in case it is not available with Reliance Retail.
Hindustan Unilever drops 'Fair' from 'Fair & Lovely' to make brand more inclusive
Consumer brand Hindustan Unilever announced Thursday that it's dropping the word 'Fair' from its popular fairness cream brand 'Fair & Lovely' to achieve a "more inclusive vision of beauty", reports said.
Biscuit supply remains short of demand and trends show sector likely to grow in double digits even after lockdown
As lockdown eases, Kundu said growth in biscuits may subside during Q2 or Q3 but it will still see double digit growth in volume
Markets end strong after subdued sessions: Sensex rallies over 990 points, Nifty surges to 9,315; Axis Bank top gainer, soars over 13%
Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.
Colgate-Palmolive India Q4 net profit rises 3.3% to Rs 204 cr on tax reversals; COVID-19 outbreak hits sales volume
Colgate-Palmolive said its board in a meeting held on Thursday has declared a second interim dividend of Rs 16 perequity share for the financial year 2019-20.
After Narendra Modi's appeal to promote local goods, paramilitary canteens to now sell only indigenous products from 1 June
Taking a cue from Prime Minister Narendra Modi's appeal to promote local products, Union Home Ministry on Wednesday decided that canteens of paramilitary forces will sell only indigenous products from June 1 in a bid to give a fillip to small scale industries and Khadi.
Market ends on positive note; Sensex jumps 637 points, Nifty above 9,350; Re settles higher at Rs 75.46 against dollar
The Nifty bank index was up by 4 percent. Besides, sharp buying was also witnessed in the auto and metal stocks.
Markets close on positive note: Sensex 199 points up, propelled by strong gains in RIL; rupee closes higher
Reliance Industries was the biggest contributor to the gains on the index, jumping over 3 percent after the company announced that US-based PE firm Vista Equity Partners will buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore.
Procter & Gamble's profit up 1% to Rs 91 cr in March quarter, sales down 6%; firm says lockdown impacts business operations
Procter & Gamble Hygiene and Health Care Ltd on Friday reported a marginal rise of 1.09 percent in net profit at Rs 91.10 crore for the March quarter 2020 as the lockdown impacted its business operations
Sensex ends over 260 points lower at 31,454; Nifty falls 87.90 points to 9,206; except energy, infra, all sectoral indices in red
The Sensex surrendered all its early gains to end 262 points lower on Tuesday due to emergence of a sudden sell-off in financial stocks at the fag-end of the sessio
Marico Q4 net profit down 50.6% to Rs 199 cr due to COVID-19 related disruptions; net sales drop 7%
FMCG firm Marico Ltd on Monday reported a 50.62 percent decline in consolidated net profit at Rs 199 crore for the fourth quarter ended March 2020 due to COVID-19 related disruptions
Hindustan Unilever shares drop over 5% after company reports 4% decline in net profit in Q4
Shares of Hindustan Unilever on Monday fell 5.5 percent after it reported a 3.93 percent decline in consolidated profit for the fourth quarter due to coronavirus crisis from mid-March
Hit by coronavirus pandemic, HUL Q4 net profit down 3.9% at Rs 1,512 cr; sales decline 9.6% to Rs 9,055 cr
FMCG major Hindustan Unilever on Thursday reported 3.93 percent decline in consolidated net profit to Rs 1,512 crore for the fourth quarter ended 31 March, impacted by COVID-19 pandemic
Coronavirus Outbreak: FMCG companies launch special insurance schemes for 'frontline' workers
Leading FMCG companies such as Nestle India, Godrej Consumers Products Ltd and Dabur are providing special insurance covers to their 'frontline' workforce, including those of distributors, who are engaged in supply and distribution of their products during the coronavorus pandemic
Unilever withdraws growth outlook; says India business impacted by slowing market, coronavirus-forced lockdown
Unilever witnessed a major impact on the businesses in China and India, two of its major markets where restrictions were imposed by the respective governments to contain the spread of COVID-19.
Markets buoyant at close: Sensex rallies 743 points, Nifty tops 9,150-mark; Reliance Jio's Rs 43,574 cr deal with Facebook boosts sentiment
ZEE, Reliance industries and Asian Paints remained top gainers while ONGC, Vedanta and BPCL were the top losers.
Coronavirus Lockdown: Employees facing movement restrictions, plants not operating at full capacity, says HUL
FMCG major Hindustan Unilever Limited (HUL) on Tuesday said its factories, though operational, are unable to operate at full capacity as its employees continue to face restriction in movement from local authorities in various states amid coronavirus-induced nationwide lockdown
Coronavirus Outbreak: DPIIT suggests Home Ministry permit limited activity in select sectors with safeguards
Big companies with proper sanitation and distancing norms in place in sectors such as textiles, automobiles and electronic manufacturing—20 percent to 25 percent capacity in single shift—may be considered to start with, according to the letter.
Coronavirus Outbreak: Marico says January-March quarter EBITDA may see 'modest decline' due to lockdown
FMCG major Marico said its January-March quarter EBITDA may see "modest decline" following disruptions on account of Covid-19 pandemic and associated lockdowns