Page 25 - Fmcgs

Colgate-Palmolive India net profit rises 1.6% to Rs 252.3 crore

FMCG major Colgate-Palmolive India Ltd on Thursday reported an increase of 1.6 per cent in its net profit to Rs 252.33 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 248.36 crore in the corresponding quarter of the last financial year, Colgate-Palmolive India Ltd (CPIL) said in a BSE filing. Its revenue from operations during October-December 2021 increased 3.84 per cent to Rs 1,271.29 crore, against Rs 1,224.21 crore in the year-ago period. Total expenses stood at Rs 945 crore in the December 2021 quarter, a rise of 3.98 per cent as compared with Rs 908.77 crore a year ago. CPIL Managing Director Ram Raghavan said, "Despite the macro challenges, our growth remains strong, consistent and driving the right balance between volume and revenue growth. Brand penetration strengthening reflects continued consumer trust in our brands. We continue with our strong innovation pipeline with new initiatives launched this quarter." Shares of ...

Adani Wilmar to use Rs 450 cr from IPO proceeds to tap inorganic growth

FMCG major Adani Wilmar has set aside Rs 450 crore from the share sale that opens later this week, to tap more acquisition-led growth opportunities primarily in its non-edible oils business.

Hindustan Unilever settles 3% higher on strong Dec quarter numbers

Shares of Hindustan Unilever Ltd defied the muted broader market trend and surged as much as 3 per cent on Friday after the FMCG major reported strong December quarter earnings. On BSE, the stock opened at Rs 2,282.00, then jumped 3.15 per cent and touched an intra-day high of Rs 2,333.05 during the session. It finally settled at Rs 2,322.20, up 2.68 per cent. On NSE, the stock opened at Rs 2,264.80, then gained further ground during the day and finally ended the day at Rs 2,330, registering a gain of 3.02 per cent over its last close. On Thursday, Hindustan Unilever Ltd reported an 18.68 per cent increase in consolidated net profit to Rs 2,300 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 1,938 crore in the October-December period of the previous fiscal. "HUL delivered a resilient performance both on revenue and margins front despite the headwinds to rural demand and persistent material cost inflation. "While volume growth looks soft a

FMCG firms go all out to ensure last-mile delivery amid third Covid wave

Data from retail intelligence platform Bizom also shows that retailers are stocking-up more than normal

Stalemate continues even as Hindustan Unilever, distributors meet

Distributors likely to take a decision on Tuesday

Rural demand for FMCG products impacted in Q3 due to high inflation

Key reasons: Inflation, Omicron fears, uneven rainfall hurting crop production

Top Headlines: Night curfews return; FMCG firms ready to deal with issues

Business Standard brings you the top headlines at this hour.

FMCG not safe-haven bets for investors, analysts see more underperformance

The FMCG index had outperformed the broader market in previous corrections like in 2011, 2015, and 2018

Urban FMCG sales down 6.3%, rural sales increase 17.9% in November

Overall FMCG sales in November increased by 10.2 per cent year-on-year

Top Headlines: Tracking multiple Covid strains; FMCG companies hike prices

Business Standard bring you the latest updates on the new Covid variant and more

Online sales of FMCG companies rise, but some see moderation

Many e-commerce firms aligning with govt's draft policy

Sensex, Nifty advance on gains in IT, FMCG stocks; PowerGrid up 3%

TCS rose by 0.83 per cent, while Infosys inched up 0.31 per cent

Dabur Q2 profit up 4.6% to Rs 505 cr, net sales up 12% to Rs 2,817 cr

Homegrown FMCG major Dabur India Ltd on Tuesday reported a 4.64 per cent rise in consolidated net profit at Rs 505.31 crore for the September quarter backed by a double-digit volume growth in domestic market. The company had posted a consolidated net profit of Rs 482.86 crore in the July-September quarter a year ago, Dabur India said in a BSE filing. Revenue from operations for the reported quarter was up 11.98 per cent to Rs 2,817.58 crore as against Rs 2,516.04 crore in the corresponding quarter of the previous fiscal. This was helped by "an underlying industry-leading volume growth of 10 per cent in the domestic FMCG business," said Dabur India a post-earnings statement. "Dabur India reported its fifth successive quarter of strong double-digit growth despite growing inflationary pressures impacting consumer sentiments," it added. All verticals of the business, from Ayurvedic medicines to hair care, oral care, homecare and food & beverages, reported growth in sales and market ..

Marico sees revenue growth in second quarter in 'low twenties'

Premium personal care portfolios grew "handsomely, albeit on a low base", it said

India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas

In view of the the upcoming festive season, the 'Mega Bharat Sale' will run from October 6 to October 12 on the Udaan platform

Kolkata-based RP Sanjeev Goenka Group ventures into personal care

This is the second major fast-moving consumer goods category that the group has entered in five years

India's consumption story is slowly turning the page: FMCGs

After their tryst with smaller packs and lower product categories, consumers are now shrugging off the tendency to compromise on quality and quantity

FMCGs fuelling massive plastic expansion, threatening climate: Greenpeace

Amid the push to reduce greenhouse gas emissions, a new has found that giant FMCGs are driving the expansion of plastic production, which threatens global climate, communities and ecosystem

Reliance Retail becomes second-largest customer of Future Consumer

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

Marico aims for 15% revenue growth, 10% volume growth in medium term

Its online men's grooming brand Beardo, which Marico acquired last year, is now fully integrated and may touch total sales of about Rs 100 crore in 2021-22.