When the COVID-19 pandemic hit, demand for soap bars soared across the country as people followed medical advice and washed their hands frequently to avoid infection.
The legal fight erupted between the two companies after Sebamed released print advertisements targeting Lux, Dove, Rin and Pears - all of them are HUL brands.
Volume-led growth strategy will help HUL in increasing market share
Besides bolstering Lux’s consolidated revenues, the reorganisation will curtail overhead costs and lead to margin expansion.
Lux also has endorsement contracts with actor Varun Dhawan for Lux Cozi and Parineeti Chopra for Lyra leggings
Hindustan Unilever's net profit jumped 7 percent to Rs 1038 crore in October-December from Rs 971.2 crore in corresponding quarter last fiscal. It had an exceptional profit on sale of surplus properties of Rs 159 crore and restructuring expenses of Rs 5.95 crore. Without the exception item, net profit in Q3 fell 10 percent to Rs 919.86 crore.
The Maharashtra Food and Drug Administrator (FDA) has seized duplicate soap bars of popular brands like Lux and Dettol from a manufacturing unit in Mumbai, learns CNBC-TV18.
During the period, its volume growth was below estimates at 4 percent year-on-year.
According to a CNBC-TV18 poll, revenue is likely to grow 5.7 percent at Rs 8220 crore from Rs 7774 crore (year-on-year) while volume growth is seen at 6-7 percent. HUL had taken a rural distribution clean up exercise during the quarter which may impact volume growth for the Q3.
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.
With proposed further stake acquisition in Lux International, Eureka Forbes not only gains access to new markets in Europe, Africa and Latin America but also premium products and over 15,000 sales partners around the world.
Hindustan Unilever, the largest fast moving consumer goods company in India, beat street estimates on Monday as net profit rose 15 percent year-on-year to Rs 787 crore, helped by lower cost of key raw materials.
From condoms to cheesy pickup lines, one night stands and Kareena Kapoor, it's the attack of the cheap smartphone commercials.