Tag: FMCG
17 Results
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Sensex rebounds, ends 537 pts higher
The BSE Sensex jumped 537.29 points or 1.44 per cent to 37,930.77. The Nifty rose by 150.05 points or 1.33 per cent to 11,407.15.
May 17, 2019 -
Designing: A game changer in commercialism
Designing is a combination of aesthetic, functionality and usability of products, thus adding value to brands.
December 4, 2018 -
HUL m-cap touches Rs 3 lakh cr ahead of Q3 results
Shares of Hindustan Unilever surged to its 52-week high level in morning trade ahead of the third quarter results, following which the market capitalisation reached Rs 3 lakh crore. The stock opened at Rs 1,365, then touched a 52-week high of Rs 1,388.45, registering a jump of 1.56 per cent over its previous closing price. …
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January 16, 2018 -
Placement season
IMI-New Delhi concluded its final placements for 2015-17 batch comprising around 363 students. This year, the highest package for the PGDM course has gone up to Rs 20.75 LPA, Rs13.95 LPA for banking and finance and Rs 20.75 LPA for the HR. The institute witnessed impressive placement season with companies such as Accenture, Asian Paints, …
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January 9, 2018 -
Dabur India cuts prices by 9% to pass on GST benefits
FMCG major Dabur India on Tuesday said it has cut prices of existing stocks across categories such as shampoos, skin care and home care by 9 per cent as an act of passing on the benefits of the recent reduction in GST rates to the consumer. The FMCG major made the announcement a day after …
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November 22, 2017 -
Delhi High Court questions 12% GST on sanitary napkins
The Delhi High Court on Wednesday questioned the central government’s decision to impose 12 per cent tax on sanitary napkins under the GST regime, saying it has exempted “bindi, kajal, sindoor” which seem more essential than sanitary napkins. The court said the government needs to look towards reducing GST on sanitary napkins as it has …
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November 16, 2017 -
Pointer to reality?
This index is unlikely to be splashed on the “pink pages”, it certainly does not equate with the Sensex or the many numbers over which economic experts split hairs or politicians unleash their fire. Yet in its own not-too-quiet way, the slowdown in the economy is brought down to earth, indeed to many a household …
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October 22, 2017 -
HUL to exit joint venture with US-based KCC
FMCG major HUL today said it has signed an agreement to divest 50 per cent stake in joint venture Kimberly-Clark Lever Pvt Ltd (KCLL) to its partner Kimberly-Clark Cooperation(KCC). KCLL, which is into baby and feminine care business through its brand Huggies and Kotex, is a 22-year old 50:50 joint venture between Hindustan Unilever Ltd …
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September 30, 2017 -
Digital to drive FMCG consumption worth $45 bn by 2020: Google India
Underlining the rapid growth of digital in India, 40 per cent of consumption in the Fast Moving Consumer Goods (FMCG) segment worth $45 billion will be driven digitally by 2020, a new report said on Wednesday. According to the report by Google India and Boston Consulting Group (BCG), there will be 650 million Internet users …
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September 27, 2017 -
Negative global cues subdue equities; healthcare, FMCG stocks plunge
Negative global cues and heavy selling pressure in index heavyweights like ITC, Sun Pharma, Lupin and Axis Bank, among others, pulled the two key Indian equity indices lower during the mid-afternoon trade session on Wednesday. Sectorwise, the healthcare and FMCG indices plunged into the negative zone. Around 1.25 p.m., the wider 51-scrip Nifty50 of the …
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September 6, 2017 -
Britannia aims to increase distribution footprint post-GST
After facing initial GST hiccups, FMCG major Britannia is looking at increasing its distribution footprint and winning market share from local players.The company, which witnessed de-stocking in trade channels due to migration to GST, said the new tax regime has brought a level playing field.“Our key strategic focus area is to increase distribution footprint, grow …
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August 14, 2017 -
Britannia plans its largest plant in Maharashtra
FMCG major Britannia Industries plans to set up its largest plant at Ranjangaon Food Park in Maharashtra, company Chairman Nusli Wadia said on Monday. "The company is planning to set up its largest plant at the Ranjangaon Food Park…," Chairman Nusli Wadia told shareholders at the 98th Annual General Meeting here. The company entered into …
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August 7, 2017 -
GST has not impacted consumer offtake, says HUL
FMCG major Hindustan Unilever (HUL) today said the new tax regime of goods and services tax (GST) has not impacted the consumer offtake and expects the price cuts undertaken by it to drive sales. "I don't think GST has impacted the consumer offtake. In fact, with us taking the lead in reducing the consumer price, …
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July 29, 2017 -
Sensex rises 50 pts in early trade on earnings
The benchmark BSE Sensex advanced about 50 points in early trade today on fresh buying by investors amid better-than-expected earnings. Speculators covering up their short positions ahead of the July derivatives contract expiry tomorrow also supported the upward move. The BSE 30-share barometer recovered by 49.58 points, or 0.15 per cent, to 32,277.85. The gauge …
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July 26, 2017 -
FMCG stocks surge to record high, ITC top gainer
Stocks of FMCG rose to hit record high on Monday, with ITC, which is the largest contributor to the index, witnessing the highest momentum. The S&P BSE FMCG index touched a fresh 52-week high of 10,936.47 points. Around 3 p.m., it traded at 10,794.56 points — up 3.51 per cent. Around 3 p.m., shares of …
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July 3, 2017 -
Sensex opens in green as blue-chips jump
The Sensex rose 157 points and the Nifty topped 9,600 again in opening trade on Tuesday, spurred by a fresh spell of buying in select blue-chips amid mixed global indicators. The 30-share index was trading higher by 156.75 points, or 0.50 per cent, at 31,294.96. FMCG, healthcare, capital goods and technology stocks showed up in …
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June 27, 2017 -
GST: FMCG cos expect dip in inventory levels, normalcy in Q2
FMCG firms are preparing for reduced stocks in their trade channels for a couple of months as anxious dealers cut down inventory levels in the run up to GST, the new indirect tax regime, from 1 July. The companies, however, expect to overcome the transition issues and the stocks to return to normal levels within …
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June 25, 2017