BUSINESS
How Oh! Calcutta owner Speciality Restaurants crafted a turnaround amid a pandemic
Speciality Restaurants reported Rs 11.20 crore in net profit in the third quarter of FY22 compared with a net loss of Rs 3.69 crore in the corresponding period a year earlier.
BUSINESS
Unilever’s restructuring to generate 600 million euros of cost-saving, says management
Unilever, in a significant move last month had, announced a restructuring of the organisation. The proposed new organisation model will result in a reduction of 15 percent in senior management roles while the junior management roles will be trimmed by 5 percent.
BUSINESS
FMCG companies indicate more product price increases ahead
Dabur, Britannia and Hindustan Unilever expect relief from an unprecedented rise in input costs only towards the second half of the calendar year.
BUSINESS
Titan Company plans international expansion for jewellery business
The Tata Group company, which houses jewellery brands such as Tanishq, Zoya, Mia and CaratLane, plans to launch a store in the US this year by June.
BUSINESS
What lies ahead for Zandu-maker Emami as the next generation takes over?
Packaged consumer goods maker Emami Limited, the manufacturer of products such as BoroPlus, Zandu balm, Navratna and Kesh King, announced a management rejig last week as founders of the company handed over the reins to the next generation. Mohan Goenka and Harsha V. Agarwal, scions of the 48-year-old business, will lead the company from April as its vice chairman-cum-whole time director and vice chairman-cum-managing director, respectively.
BUSINESS
Cigarettes puff up ITC’s Q3 as sales cross pre-Covid levels
ITC has witnessed a sequential improvement in cigarette sales in FY22 so far. During the third quarter, sales finally crossed pre-COVID levels as mobility improved.
BUSINESS
Aditya Birla Fashion and Retail to foray into D2C business space
The D2C portfolio will be built through organic and inorganic means, ABFRL said
BUSINESS
Dabur India may increase prices again going ahead: CEO Mohit Malhotra
Dabur took price hikes across its portfolio, except its hair oil range, in the quarter ended December as the cost of raw materials continued to climb unabated.
BUSINESS
Budget 2022 | What the finance minister is doing ‘indirectly’ for consumption
Budget 2022 | Big-bang announcements to spur consumption were missing but a host of initiatives on creating employment opportunities as well as a 35 percent increase in capital expenditure would help in boosting demand in the long to medium term, say experts.
BUSINESS
Budget 2022 | Capex allocation, housing scheme push to spur consumption, says experts
Budget 2022 | Analysts say the push for domestic production of oilseeds are positive for the consumer goods companies
BUSINESS
Budget 2022: FMCG companies seek initiatives to spur consumption
Top executives at FMCG companies such as HUL, Parle Products, Emami and CavinKare expect a host of initiatives by the government aimed at boosting consumption in the economy in the upcoming Union Budget 2022.
BUSINESS
Budget 2022: Retail sector seeks relief measures, steps to boost consumption
The retail industry, which struggles with low footfalls and poor sales whenever a new wave strikes and movement curbs are introduced, wants the government to restructure GST formalities, extend the moratorium on loans and create a national policy for retail.
BUSINESS
Unilever to slash 1,500 jobs in major organisational restructuring
The FMCG behemoth announced changes to its organisational model to make it a simpler, more category-focused business.
BUSINESS
HUL Q3: Discretionary, out-of-home products grow at pre-COVID levels
Hindustan Unilever Limited’s discretionary and out-of-home product portfolio, which consists of brands such as Magnum, Kwality Walls, Cornetto and beauty brands like Lakme, reached pre-COVID-19 levels of growth in the third quarter, the company said.
BUSINESS
Reliance Retail Q3 result | Net profit jumps 23% to Rs 2,259 crore backed by festive sales
The retail arm of Reliance Industries registered a 53 percent year-on-year jump in consolidated revenue from operations to Rs 50,654 crore in Q3FY22 as compared to Rs 33,018 crore reported last year.
BUSINESS
We're building Fortune to be India's largest food brand, says Adani Wilmar CEO Angshu Mallick
The company plans to further strengthen its play in the staples category and launch more products such as functional oil, fortified staples, and packaged and ready-to-eat and ready-to-go food products.
BUSINESS
Inflation to moderate in the second half of 2022: HUL’s Sanjiv Mehta
HUL’s top management while addressing a post-earnings media briefing indicated that inflation will remain a worry for the FMCG industry in the March quarter too, and any relief can be expected only in the second half of the calendar year.
BUSINESS
Game of chicken: Jubilant FoodWorks launches US chicken brand Popeyes in India
The entry of Jubilant FoodWorks will intensify competition in the fried chicken segment, where KFC so far has maintained its stronghold.
BUSINESS
Consumer goods Q3 preview: Discretionary to outperform staples, peg analysts
According to analysts, the profitability of most companies in the consumer goods segment, especially, essentials will continue to remain affected due to broad-based inflation.
BUSINESS
Distributors association ends HUL boycott but to continue agitation against Colgate-Palmolive
All India Consumer Products Distributors Federation had last week announced a boycott of certain products by Hindustan Unilever and Colgate-Palmolive as the FMCG companies overlooked its demands on margin parity with online B2B platforms such as Udaan, Jumbotail, and cash-and-carry players such as Walmart Best Price, Metro Cash- and-Carry and JioMart.
BUSINESS
iD Fresh Food raises Rs 507 crore led by NewQuest Capital Partners
The company’s recent round saw the exit of one of its earlier investors Helion Ventures after bagging a 10X return. iD Fresh Food is looking at building capacity, expanding its presence in the key markets as well as to newer markets with the recent fundraising.
BUSINESS
Colgate-Palmolive says it is working with distributor network to resolve their challenges
In an exchange filing on Wednesday, the company said that it has a strong relationship with its distributors and supply chain partners, developed over the past eight decades, based on mutual trust, fairness and transparency
BUSINESS
Why HUL, Colgate-Palmolive are in a tussle with distributors
Hindustan Unilever and Colgate-Palmolive are at loggerheads with distributors since December over higher margins being offered by the FMCG companies to emerging online Business-to-Business platforms and cash-and-carry companies.
BUSINESS
FMCG firms brace for third wave of Covid-19
ITC, Parle Products, Bikanervala Foods and Prataap Snacks are strengthening their supply-chains to ensure there is no disruption in the event of restrictions due to a third wave of the pandemic.
