Of the 16 FMCG firms, 12 companies saw an increase in their respective foreign institutional investors holding in three months ended September 2013 over the year-ago period, while the remaining four witnessed a decline in FIIs stake, according to a report by A C Choksi Share Brokers.
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
Are you a fan of Mexican food? Then this recipe is meant for you.
The Delhi high court dismissed an interim application seeking to restrain Britannia Industries from using the logo, mark and mascot of the 2003 World Cup in its promotional campaigns.\n\n\n\n\n\n\n\n\n\n
A break-up of business shows that 75% of a firm's turnover is led by volume growth, while 25% is price-led. Companies such as Britannia, Nestl, Dabur, Marico, Kellogg, Parle Products, and Hindustan Unilever have increasingly focused on smaller packs of their key products, aimed at improving sales.
Indian companies had invested $7.34 billion.
Although large companies like Nestle, Dabur or HUL have been impacted by this slowdown in demand, it was the small, local players that have been hit harder.
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
Jose Mourinho has confirmed Diego Costa was taken to hospital with a rib injury suffered during Chelsea's Capital One League Cup match at StokeCity on Tuesday.
The ruling mean FPIs cannot seek treaty protection against the new withholding tax that companies are required to deduct at source. The apex court order pertains to when the cricketing bodies of Pakistan, India, and Sri Lanka formed a joint committee to conduct the 1996 Cricket World Cup.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The product portfolio includes milk powder, long-life packaged milk, fortified milk, etc.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Interview with Britannia's MD on how she proposes to steer the company.
Enthused by robust financial performance and attractive valuations, foreign investors increased their exposure to fast-moving consumer goods (FMCG) companies such as Britannia, Hindustan Unilever and Godrej Consumers Products in April-June this year.
Data from market research agency Nielsen shows that 152 new players entered the hygiene market in March as the lockdown was implemented to contain the spread of the coronavirus disease. The trend is expected to continue, the agency says, as hygiene and health emerge as key themes.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
Most group firm MDs will report to Nusli Wadia's younger son.
Two own goals from Stoke City forward Jonathan Walters set Chelsea on their way to a 4-0 Premier League victory on Saturday that gave under-fire interim manager Rafael Benitez some respite.
After demonetisation, sharp fall in PE valuation offers an attractive entry point into some quality names and these 3 FMCG companies are expected to see the fastest growth in earnings with at least 15 per cent upside potential
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
Yaya Toure's deflected equaliser gave Manchester City a 1-1 draw at Stoke City on Saturday to reclaim top spot in the Premier League but two more away dropped points handed the advantage to Manchester United in the title race.
Stoke City and Arsenal fought out a largely sterile 0-0 draw at the Britannia Stadium on Sunday leaving both still looking for their first wins of the season.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nina Pillai, in her petition, had alleged that the mandatory medical examination of her husband was not conducted at Tihar for even two days after his arrest.
Images from the English Premier League matches played across England on the weekend.
'We were looking at making a positive change -- so Coutinho was going to come off and we were going to put Danny Ings on. I'm glad I kept him on'
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
Manchester United dropped their first points of the season in a 1-1 draw at Stoke City on Saturday but ended the day top of the Premier League while Chelsea striker Fernando Torres scored and was sent off in his side's 4-1 win over Swansea City.
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.
The company is currently present in Mumbai, Pune, Hyderabad and Bangalore and will concentrate only in the four metros.
Stoke City stayed on course for a first-ever FA Cup final appearance when they beat West Ham United 2-1 in a quarter-final full of controversial refereeing decisions at the Britannia Stadium on Sunday. Man City and Stoke eye overdue FA Cup success
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The concern is that the scheme may not take off, like its precursor in the previous five-year plan.
The Centre, under attack for rising sugar prices, is weighing the option of asking bulk consumers, like makers of sweets, soft drinks, fruit juice, chocolate, ice cream and biscuits, to use only imported refined sugar instead of buying domestic supplies.
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