Page 17 - Fmcgs

Procter & Gamble second quarter net profit jumps 84% to Rs 250.62 cr

FMCG firm Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported an 84.37 per cent increase in its net profit to Rs 250.62 crore for the second quarter ended December 2020. The company, which follows July-June financial year, had posted a net profit of Rs 135.93 crore in the corresponding quarter previous fiscal, Procter & Gamble said in a regulatory filing. Its revenue from operations surged 18.52 per cent to Rs 1,018.44 crore during the period under review as against Rs 859.27 crore in the October-December period last fiscal. "Both the feminine care and healthcare business delivered strong double-digit growth in the quarter and grew ahead of category," the company said in an earnings statement. The company has delivered double-digit profit growth for the second consecutive quarter this year, its Managing Director Madhusudan Gopalan said. "The growth was driven by the strength of our trusted product portfolio, strong retail execution and strong market recovery in .

Budget will help increase rural consumption: FMCG industry

The FMCG industry on Monday said a special focus on the agriculture sector in the Union Budget will help increase rural consumption and sustain growth momentum. FMCG manufacturers -- like ITC, Emami, Marico and Jyothy Labs -- said it is encouraging capital infusion in infrastructure, divestment and restructuring of allocations without impacting consumers negatively. The industry also said the Budget will drive consumption and growth momentum needed to revive the economy. According to ITC Chairman & Managing Director Sanjiv Puri, it is a "visionary and growth-oriented budget", which provides further impetus to build India's competitiveness as also foster inclusive growth. The enhanced capital expenditure, particularly on infrastructure, will create livelihoods and provide an accelerated thrust to the V-shaped recovery trajectory. "The heightened spends on agriculture and rural infrastructure development are aligned to the comprehensive policy interventions aimed at creating ...

FMCG major Dabur's third quarter profit up 24 pc at Rs 494 crore

The firm was helped by the expansion of the distribution network and consumer centric innovations

Colgate-Palmolive India Q3 net profit rises 25 pc to Rs 248.36 cr

The firm reported a 24.74 per cent increase in net profit at Rs 248.36 crore in the third quarter ended in December

HUL Q3 preview: Double-digit revenue growth likely on GSK acquisition

Analysts at ICICI Securities expect Hindustan Unilever (HUL) to post 15.4 per cent year-on-year (YoY) revenue growth at Rs 11,322.3 crore in the December quarter

Govt may announce formulation of policy for toys sector in Budget

Quality control order is one of the ways to stop flow of cheap sub-standard toys into the domestic market.

Tata Consumer could become next FMCG scrip added to Nifty: ICICI Securities

Says the firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March

Marico, Tanishq join other FMCG firms in recovery but inflation a worry

Industry admits that price hikes are imminent but say they will make judicious decision for customers

Marico witnesses faster recovery in consumer sentiment, strong Q3

FMCG major Marico said it has witnessed faster than expected recovery in consumer sentiment in India and a strong performance in the third quarter this fiscal

Inventory inching up relative to sales across sectors, FMCG less affected

Festive season, supply chain issues may have been contributing factors leading to higher inventory

Hindustan Foods unit to invest Rs 125 cr to set up facility in north India

FMCG firm Hindustan Foods on Tuesday said its subsidiary will invest Rs 125 crore to set up a manufacturing facility in north India

We aim to double our direct distribution in 12 months: Tata Consumer chief

In a Q&A, Sunil D'Souza, who took over as MD & CEO of the company in April, dwells on his company's e-commerce strategy and other plans

Mrs Bectors Food IPO review: Play on large opportunity in biscuits, QSR

Healthy growth and sound fundamentals offer comfort

ITC gains even as Street is divided on tobacco biz dependence, other issues

Brokerage upgrades led to a six per cent rise in the stock since the start of the month

NAA fines three P&G subsidiaries Rs 241 cr for profiteering on GST rate cut

Companies accused of not passing on benefit of lower rates to consumer by increasing prices on intervening night of November 14 and 15 from when GST rate reduction was notified

FMCGs, retailers continue to forge direct consumer link as lockdown eases

Retailers continue to innovate on last-mile delivery; FMCGs focus on digital channel

Britannia Q2 profit rises 23% to Rs 495 cr; rebenue up 12% to Rs 3,419 cr

Total expenses were at Rs 2,822.02 crore, up 7.80 per cent from Rs 2,617.64 crore earlier

FMCGs shore up trade margins, consumer promotions ahead of festive season

Margins not impacted significantly even as firms offer everything from price-offs and grammage increase to buy-one-get-one free schemes, combo packs

High Kharif output, MSP hikes to give farmers extra Rs 50k cr: CARE Ratings

Kharif crops account for nearly 9 per cent of the total gross value added and contribute nearly 60 per cent of value addition of the agriculture and allied activities sector

IBM's AI push helps consumer goods firms go digital, tide over Covid-19

The Covid-19 pandemic has spurred consumer goods firms to work with Big Blue to drive their digital transformation efforts, write Peerzada Abrar and Sai Ishwar