In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses whether investors should consider this FMCG major.
Find out what helped the company sail through COVID-19 led disruptions and whether investors should consider the stock.
The estimated investment in the joint venture company -- Britchip Foods Ltd -- in Phase I is Rs 100 crore.
FMCG major Nestle India today reported a decline of 8.66 percent in its standalone net profit to Rs 167.31 crore for the fourth quarter ended December 31, 2016.
The company had gained market share over its competitors such as ITC and Parle, the Chairman said, adding that the principal business was that of biscuits.
The board of the company, in its meeting held today "redesignated Sanjiv Puri, Wholetime Director, also as Chief Operating Officer of the Company with immediate effect," ITC said in a BSE filing.
Replying to a question about Patanjali's aggressivemarketing campaign for its products including soaps, Katariasaid, "For us, I don't see any reason to get perturbed by whatis happening.
The result will be closely watched by the street after its parent company Unilever PLC said growth was slowing in emerging markets like India.
The float of Hindustan Unilever will go up to 33 percent from 24 percent in FTSE All-World Index and All Emerging Index with effect from July 22.
As part of the changes announced today, the company's India operations will be led by Varun Berry (Chief Operating Officer) who recently joined the firm, Britannia Industries said in a statement.
Reliance Industries Ltd (RIL) on Mtoday overtook FMCG major ITC to become the country's third most-valued company after TCS and ONGC.
FMCG major Hindustan Unilever (HUL) today said it has increased the prices of one of its soap brands by up to 6% due to high raw material cost.
FMCG major Emami, which acquired exclusive rights of a skin-care technology from Mibelle Biochemistry to manufacture and sell products under the Pure Skin brand in India from May, is eyeing a Rs 40-50-crore revenue from it in the first-year itself, a top company official said.