Hindustan Unilever and ITC both pointed out after announcing their September quarter results that regional brands have gained momentum
Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits
Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter
Premiumisation is bound to accelerate as Indians become more affluent and urban, says Jawa
Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.
The total income for Q2FY24 came in at Rs 15,806 crore, compared to Rs 15,253 crore year-on-year
The combined market valuation of six of the top 10 valued firms jumped Rs 70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers, Infosys, Tata Consultancy Services (TCS), State Bank of India and Bajaj Finance emerged as the laggards. Last week, the BSE benchmark climbed 287.11 points or 0.43 per cent. The market valuation of Reliance Industries rallied Rs 22,191.43 crore to Rs 15,90,408.31 crore, the most among the top 10 firms. Hindustan Unilever added Rs 17,222.5 crore taking its valuation to Rs 6,04,326.62 crore. The valuation of Bharti Airtel jumped Rs 16,953.01 crore to Rs 5,36,035.96 crore and that of ITC climbed Rs 7,607.26 crore to Rs 5,59,071.10 crore. The market capitalisation (mcap) of ICICI Bank rose Rs 4,581.64 crore to Rs 6,66,639.07 crore and that of HDFC Bank went up by Rs 1,971.27 crore to Rs 11,65,135.58 crore. However, the valuati
Court held crackle is not intended for direct consumption by users but as an industrial input
Sector could run out of steam, given sharp slowdown in the industry revenue growth
Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month
Apart from making the B2B app user-friendly for retailers, the FMCG major is looking to expand Samadhan, which cuts delivery time to just a day
Numbers show subdued overseas demand for services, gradual recovery in consumer demand and the impact of high interest and inflation
By innovating in terms of product, promotions, and packaging, and keeping prices low, these local brands have grabbed a share of the pie from their larger counterparts
Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL's stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.
Margin gains going ahead is a key positive
Sensex, Nifty post biggest loss since March 13
The S&P BSE Sensex crashed over 1,000 points to hit day's low of 66,534 levels, while Nifty50 crashed 279 points to day's low of 19,700 levels
Fast-moving consumer goods markets are recovering gradually although the operating environment remains "challenging," CEO Rohit Jawa said
Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session
Total expenses were higher at Rs 12,167 crore as compared to Rs 11,531 crore in the same quarter a year ago, the company said