With increasing affluence, the new India is spearheaded by aspiration for better quality of life, he says
US-based private equity firm L Catterton is likely to invest in India alongside its next Pan Asia dollar fund on a pro-rata basis
At 6:40 AM, GIFT Nifty futures traded steady at 24,620, indicating a subdued start for the markets.
The uptick in stock price came after the Whirlpool of India and Hindustan Unilever Ltd announced a new marketing alliance for Surf Excel, the laundry brand of the FMCG player
With improved macroeconomic indicators, enhanced government spending and a favorable monsoon forecast, the upcoming year holds promise for a gradual uptick in consumption sentiment, analysts believe.
Ritesh Tiwari talks about the company bringing more Unilever brands to India
The premium portfolio growth across categories was healthy, but the mass portfolio was weak
Emami and HUL have been embroiled in a legal battle over the use of the 'Glow & Handsome' mark for four years
During Mehta's tenure at HUL, he oversaw a fivefold increase in the mcap of HUL to Rs 6.2 trillion, making it India's fifth-largest public company by mcap and the country's largest FMCG firm
The market price of HUL has fallen below its previous low of Rs 2,393, hit on March 15, 2023. It is trading at its lowest level since July 2022
HUL's chief financial officer, Ritesh Tiwari, however, pointed out towards stress in the mass end of the market
Competitive intensity to remain high, say brokerages as they take a cautious view
Cuts fixed margins and increases variable margins for Bharat ke Shehar
At the 188th Foundation Day Celebration by the Bombay Chamber of Commerce & Industry, Jawa said in his keynote address that India's digital landscape is a key accelerator for growth
On Friday, the consumer major also announced that it had named Arun Neelakantan its chief digital officer effective January 1
Hindustan Unilever (HUL) became the first fast-moving consumer goods (FMCG) company to join ONDC last year through UShop
Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits
The management also pointed out that India saw a gradual recovery in the market, with growth led by urban areas, while rural areas continued to remain subdued
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Rural demand for FMCG sector moves into positive territory