Page 6 - Fmcg Sector

Nestle India's business loss could be more than 30%, says MD Narayanan

Prime Minister Narendra Modi's call for swadeshi was misinterpreted by some. We are here for 108 years. We have 7,200 Indian employees. We work with over 100,000 Indian farmers, says Nestle India CMD

Nestle India PBT flat at Rs 704 cr for March quarter, revenue up 10.7%

The company follows a January-December accounting year. Revenue for the March quarter stood at Rs 3,325 crore, growth of 10.7 per cent from a year ago.

Covid-19 impact on sectors: Consumption story hits the slow lane

The Rs 20-trillion stimulus package announced by the prime minister on Tuesday evening should help improve the fortunes of India Inc and these sectors

Revive, thrive, go forward: How Nakul Anand sees hotels after Covid-19

Over grilled chicken and greens, Anand talks to Pavan Lall about the changes taking place in the world of hospitality due to Covid-19, and the career lessons he took away from his days as a DJ

Beauty takes back seat as essential items become priority amid lockdown

Beauty products segment witnesses 0.8% decline in March, says Nielsen

GSK to offload HUL stake worth Rs 26,000 cr in largest secondary sale

Over 133 million shares, or 5.7% of the paid-up capital, are being offered for Rs 1,850-1,950 to investors through a special block window

Despite easing of lockdown, logistics remains a paint point for FMCG firms

While several factories are in green zones, the route a transporter has to take to bring the goods to the market is dotted with red zones

India, China hit hard due to coronavirus, says Colgate global CEO

Both the countries reported a decline in sales in the March quarter

Top 10 biz headlines: RIL results, FMCG mkt to see 'slowest' growth & more

Here are the top 10 business headlines this morning

Covid-19 impact: HUL Q4 volumes decline 7%, more than in demonetisation

The Street had factored in a drop of 2-4 per cent in Q4 volume growth on account of the Covid-19 outbreak and subsequent lockdown but 7% decline was a surprise for many.

Hit by Covid-19, India's FMCG market to see slowest growth in 4 years

Nielsen estimates 5-6% full-year growth, down from 9-10 %

Covid-19 lockdown: Mondelez, other FMCG giants indicate dent in business

In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25

PepsiCo India's third food manufacturing plant gets nod to re-start work

Capacity utilisation at the two units is not more than 25%, but will increase as more people make their way back to work, according to industry sources

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

Reasonable capacity utilisation may take a quarter: ITC's Sanjiv Puri

FCMG companies have been grappling with multiple challenges - manufacturing, supply chain and manpower availability being primary among them

Hindustan Unilever's valuation premium over peers hits record high

Trading at 77x, its trailing 12-month net profit against industry average of about 43x

PM's complete silence on economic package worrying: Marico's Harsh Mariwala

In an interview with Viveat Susan Pinto, Harsh Mariwala, chairman, Marico, expresses his fears, saying the road ahead for industry will not be easy

FMCG to remain pricey for a long time despite coronavirus outbreak

Amidst growth concerns in other sectors, better earning visibility and cash surplus position provide comfort

It'll be a positive surprise if earnings grow in FY21, says Jigar Shah

Further fall will depend on whether the coronavirus (Covid-19) situation lasts beyond May-June 2020

HUL, Dabur: Analysts bet on rural-focused FMCG stks amid Covid-19 lockdown

In the past month, HUL shares have gained 5 per cent, while Nestle (India) has risen 1 per cent in a falling market