With the consolidation of its consumer business at the global level, led by a successful merger of beauty care, laundry and home divisions, Henkel foresees a powerhouse of international bestsellers hitting the Indian market, said Kartik Kaushik, Country Head-Henkel Consumer Brands, India and South Asia Export.
Coty, which has a market value of $9 billion and is majority owned by German conglomerate JAB Holdings, is expected to kick off an auction process in December to find a new owner for a portfolio of professional hair and nail care brands, the sources said, speaking on condition of anonymity.
Henkel having an option to buy 26 percent stake in Jyothy Laboratories was the biggest trigger for the stock. The company’s board has notified that Henkel has decided to not exercise its option of buying 26 percent stake in Jyothy Laboratories, which is a big negative for the stock.
It has outlined growth in mature and emerging markets as its "key strategic priority", the firm said in its vision 'Henkel 2020+, new strategic priorities and financial ambition for the company'.
Henkel's new Chief Executive Hans van Bylen, who took over in May, said the group would invest as much as 3 billion euros (USD3.2 billion) in the four years through 2020, up from around 2 billion for the 2013 to 2016 period.
Investors are banking on Rorsted, 54, repeating improvements to profitability he achieved at consumer goods maker Henkel and the Adidas share price has risen by around two thirds since his appointment was announced in January.
Kumar succeeds Jeremy Hunter, who has moved to Shanghai as President Henkel China, after leading the India operations for over five years.
Ambareesh Baliga, an Independent Market Expert, discussed market with CNBC-TV18's Latha Venkatesh & Sonia Shenoy and also shared his views on various stocks and sectors.
Jyothy Labs is increasing ad spends to 10-12 percent. It will also expand Henkel brands, which were predominantly urban, into semi-urban and rural areas, while Jyothy's brands will be pushed more into the urban markets and modern trade.
Aimed at meeting the ever-increasing requirements on automotive efficiency, power, performance and service life, Henkel has developed an array of innovative product solutions covering the full range of powertrain manufacturing processes.
Consumer goods giants Unilever and Procter & Gamble are set to be fined by EU regulators this week for fixing washing-powder prices, a source with knowledge of the matter said on Monday.
In an interview with CNBC-TV18, K Ulhas Kamath, Deputy MD, Jyothy Labs spoke about the company's acquisition plans and the way forward.
Henkel has reported a net loss of Rs 2.3 crore for the quarter ended December 2010 as against Rs 22.3 crore in same quarter the previous year.