In an interview CNBC-TV18, Sumit Malhotra, MD of Baja Corp said that the first quarter was disappointing in terms of volume growth as poor rural growth led to less consumption.
According to a CNBC-TV18 poll, the FMCG major is seen reporting net profit at Rs 996 crore in Q4FY16, marginally down by 2 percent from Rs 1018 crore in corresponding quarter last fiscal. During the period, revenue may rise 4 percent at Rs 7990 crore against Rs 7675 crore on annual basis.
Arnab Das Managing Director, Macro Strategy, at Trusted Sources thinks the situation has improved and the signals and the turned rhetoric are lot better between Greece and rest of the eurozone and Greece and the IMF.
It will be quite interesting to know why HUL wants to re-enter hair oil market as it exited the business after selling Nihar Brand to Marico in 2006. The maker of Dove shampoos and Lux toilet soaps already has ayurvedic range of health care and personal care under its brand Ayush.