Page 16 - Fmcg Sector

GSK to offload HUL stake worth Rs 26,000 cr in largest secondary sale

Over 133 million shares, or 5.7% of the paid-up capital, are being offered for Rs 1,850-1,950 to investors through a special block window

Despite easing of lockdown, logistics remains a paint point for FMCG firms

While several factories are in green zones, the route a transporter has to take to bring the goods to the market is dotted with red zones

India, China hit hard due to coronavirus, says Colgate global CEO

Both the countries reported a decline in sales in the March quarter

Top 10 biz headlines: RIL results, FMCG mkt to see 'slowest' growth & more

Here are the top 10 business headlines this morning

Covid-19 impact: HUL Q4 volumes decline 7%, more than in demonetisation

The Street had factored in a drop of 2-4 per cent in Q4 volume growth on account of the Covid-19 outbreak and subsequent lockdown but 7% decline was a surprise for many.

Hit by Covid-19, India's FMCG market to see slowest growth in 4 years

Nielsen estimates 5-6% full-year growth, down from 9-10 %

Covid-19 lockdown: Mondelez, other FMCG giants indicate dent in business

In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25

PepsiCo India's third food manufacturing plant gets nod to re-start work

Capacity utilisation at the two units is not more than 25%, but will increase as more people make their way back to work, according to industry sources

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

Reasonable capacity utilisation may take a quarter: ITC's Sanjiv Puri

FCMG companies have been grappling with multiple challenges - manufacturing, supply chain and manpower availability being primary among them

Hindustan Unilever's valuation premium over peers hits record high

Trading at 77x, its trailing 12-month net profit against industry average of about 43x

PM's complete silence on economic package worrying: Marico's Harsh Mariwala

In an interview with Viveat Susan Pinto, Harsh Mariwala, chairman, Marico, expresses his fears, saying the road ahead for industry will not be easy

FMCG to remain pricey for a long time despite coronavirus outbreak

Amidst growth concerns in other sectors, better earning visibility and cash surplus position provide comfort

It'll be a positive surprise if earnings grow in FY21, says Jigar Shah

Further fall will depend on whether the coronavirus (Covid-19) situation lasts beyond May-June 2020

HUL, Dabur: Analysts bet on rural-focused FMCG stks amid Covid-19 lockdown

In the past month, HUL shares have gained 5 per cent, while Nestle (India) has risen 1 per cent in a falling market

Coronavirus: Labourers' exodus throws supply chain, production out of gear

Indian kitchens, particularly in the country's cow belt, cannot be run without atta (wheat flour) required to make roti (bread)

FMCG majors forced to scale down operations over Covid-19 lockdown

Manpower crunch forces large-scale factory closures; ITC keeps cigarette manufacturing on hold, continues with food and sanitary products

Falling crude oil price brings good tidings for India's FMCG sector

Staples expected to get cheaper in coming 2 months

Good time for bargain hunting, but buy for long term, say analysts

Investors who picked companies with strong business franchises in the year 2008 or 2012 have seen a multi-fold jump in their portfolio values

We expect markets to remain polarised: Centrum Broking's Nischal Maheshwari

Given the ongoing global risk sentiment, investors are flocking to safe-haven asset classes and avoiding risky EM asset classes, said Maheshwari