Page 22 - Fmcg
Hindustan Unilever announces key changes to management committee
FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will move into her new global role as Chief Marketing Officer for Beauty & Wellbeing. Similarly, Subramanian takes over from Prabha Narasimhan, who has decided to leave the company to pursue an external opportunity. Rao is currently Executive Vice President Home and Hygiene, Unilever. He joined HUL in 1991. On the other hand, Subramanian, currently Vice President Home Care, Southeast Asia / ANZ (SEAA) & Global Head, Fabric Enhancers, joined HUL in 1995 as a management trainee. "I am delighted to welcome Madhusudhan and Deepak to the HUL Management Committee. Madhusudhan has a successful track record in a variety of operational and strategic roles. He has ...
 "Hindustan Unilever announces key changes to management committee")
Britannia planning to increase women workforce in Assam plant to 65%
On account of International Women's Day, Britannia Industries on Tuesday announced it is planning to increase the women workforce at its largest northeastern plant near Guwahati this year.
 "Britannia planning to increase women workforce in Assam plant to 65%")
BSE FMCG index nears 52-week low; Dabur, Godrej Consumer slips up to 9%
HUL hit a fresh 52-week low of Rs 1,942, down 4% in intra-day trade today. The stock has tanked 15% in the past two weeks.
 "BSE FMCG index nears 52-week low; Dabur, Godrej Consumer slips up to 9%")
FMCG sales pick up a month after third wave of Covid-19, shows data
Homecare and personal care category sales are down on a month-on-month basis as well as on a year-on-year basis
 "FMCG sales pick up a month after third wave of Covid-19, shows data")
Ukraine crisis: FMCG companies scramble to hike prices faster than planned
Crude palm oil is also at an all-time high of $1,854 per tonne
 "Ukraine crisis: FMCG companies scramble to hike prices faster than planned")
India's FMCG value grew 9.6% in Oct-Dec due to price increases, NielsenIQ
Volumes shrank by 2.6% due to inflationary pressure and other macro-economic factors
FMCG industry faced consumption slowdown in urban markets in 2021: Nielsen
The Indian FMCG industry witnessed a consumption slowdown in urban markets and de-growth in rural areas in 2021, as the sector was hit hard by higher inflation levels
 "FMCG industry faced consumption slowdown in urban markets in 2021: Nielsen")
Third Covid-19 wave: Consumers prioritise purchasing only bare essentials
Bizom data notes that while other categories' consumption took a hit, commodity consumption remained high as people focused on essentials
 "Third Covid-19 wave: Consumers prioritise purchasing only bare essentials")
Nestle India Q4 profit dips 20% to Rs 386.66 cr, net sales up 8.9%
Commenting on the annual performance, Nestl India Chairman and Managing Director Suresh Narayanan said, '2021 was a very challenging year'
 "Nestle India Q4 profit dips 20% to Rs 386.66 cr, net sales up 8.9%")
Low rural offtake weighs as FMCG volumes shrink nearly 2% in Q3FY22
Value growth still higher due to price hikes
 "Low rural offtake weighs as FMCG volumes shrink nearly 2% in Q3FY22")
FMCG major Dabur India's healthy run comes riding on growth triggers
Distribution, new product contribution, and portfolio expansion are positive
 "FMCG major Dabur India's healthy run comes riding on growth triggers")
Budget 2022: Weak demand-led rural stress to continue for FMCG firms
The MNREGA allocation did not come on expected lines but companies expect it to get revised during the year
 "Budget 2022: Weak demand-led rural stress to continue for FMCG firms")
Higher MSP allocation will drive consumption in rural markets: FMCG makers
Nearly 35 per cent of the FMCG sales come from rural areas and after the second wave, it was badly hit
 "Higher MSP allocation will drive consumption in rural markets: FMCG makers")
Weak rural demand takes a toll on consumer segment, say experts
Consumer durables makers have also witnessed a slowdown in rural demand due to inflationary trends coupled with weak festive season sales
 "Weak rural demand takes a toll on consumer segment, say experts")
Britannia Industries net profit falls 18% to Rs 369.18 crore in Q3
The company had posted a net profit of Rs 452.64 crore in the October-December quarter a year ago
 "Britannia Industries net profit falls 18% to Rs 369.18 crore in Q3")
Rural sales value positive; volumes have declined: HUL's Sanjiv Mehta
'Once commodity prices start going down, we will adjust down the prices or increase the quantum of volume in the packs', said Mehta
 "Rural sales value positive; volumes have declined: HUL's Sanjiv Mehta")
HUL Q3 surpasses estimates even as rural growth remains impacted
Net profit up 18.6% on 10.3% rise in revenue; says near-term outlook uncertain as growth moderating, inflation high
 "HUL Q3 surpasses estimates even as rural growth remains impacted")
Price hike to help FMCG cos post higher revenues in Q3, volumes may get hit
Volumes estimated to remain weak; gross margins under pressure due to high raw material costs
 "Price hike to help FMCG cos post higher revenues in Q3, volumes may get hit")
Top headines: RBI on corporate bonds; December qtr auto sales slip
Sales of automobiles across all segments in India, the world's fifth-largest market, hit a multi-year low in the December quarter owing to pandemic-induced factors
 "Top headines: RBI on corporate bonds; December qtr auto sales slip")
Britannia Industries appoints Amit Doshi as chief marketing officer
Doshi's appointment would be effective from January 17 and would take over from Vinay Subramanyam, who had left the company in December last year