Sales during the quarter under review stood at Rs 9,357 crore, up 12.42 per cent, as against Rs 8,323 crore in the corresponding period of the last fiscal
Move could be aimed at integrating operations with Indian subsidiary.
Forty-four per cent management students graduating in 2010 have voted the FMCG sector as the most preferred industry to work in, terming giants like Hindustan Unilever Ltd and Proctor & Gamble as "dream companies", a survey said.
The telecom majors should focus on improving service quality with a strong partner, and not on one-shot stake sales.
Two days ahead of the high tide warning, corporate houses here are busy drawing plans to meet any possible recurrence of the 26/7, 2005 deluge in the metropolis.
Companies like Dabur India, Colgate-Palmolive and Jyothy Labs, however, spent less than profits on these counts.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
More than a hundred years ago, Hindustan Unilever launched a soap called Lifebuoy in India.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
Even as large fast moving consumer goods companies like Hindustan Unilever and ITC struggle with their volume growth, mid-tier FMCG companies like Godrej Consumer Products, Marico, Dabur and Nestle have reported strong spurts in volumes as they focus on inorganic growth and rural markets, according to industry experts.
Globally, companies like Coca Cola, P&G and Unilever have adopted the performance-based model. In India, the trend is gradually catching on. A Coca Cola India spokesperson said the company is in the process of moving from an input-cost based compensation system for its agency partners towards a value-based one. This model is about paying agencies for results, not activity. HUL refused to comment, citing policy constraints on speaking about remuneration.
The company has done a lot to promote 'Open Happiness'.
In the coming months, Lever Ayush will venture into categories beyond soaps, shampoos, toothpastes, lotions and moisturisers, its current segments of operation, as it seeks to give the brand a horizontal push.
Hindustan Unilever, GlaxoSmithkline Consumer Healthcare, Godrej Consumer Products, Dabur, Nestle and other FMCG companies are lining up initiatives to maximise returns from modern trade channels including hypermarkets and supermarkets.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
Compared to their Indian peers, MNCs have higher return ratios.
Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.
Infosys Technologies has emerged as India's best company to work for in 2009.
'We can only hope that the government has finally 'got it' and will stay focused on improving productivity, demand, and governance,' says Debashis Basu.
The company has made public announcement that it is selling five residential property in Mumbai's prime locations of Cuff Parade and Vile Parle, which includes four two-bedroom and one three-bedroom flats.
Already a fifth of the nearly Rs 8,000 crore toothpaste market in India (around Rs 1,500 crore) is herbal with the segment estimated to become a fourth (or Rs 2,000 crore) in the next few years.
Kishore Biyani, who owns the Future Group and its associated retail chains, is seeking support from rival retailers to challenge the might of Hindustan Unilever, Cadbury, Britannia and other confectionary, food and fast moving consumer goods companies (FMCG) to bargain for higher margins.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
If you are not happy with the price offered at buybacks, you could be in for a long haul.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The size of the organised baby diaper market in India is Rs 5214 crore, with the year-on-year rate of growth pegged at 14%
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.
CavinKare, which has successfully competed with multinationals, including Hindustan Unilever, in the sachet segment to retain leadership in key southern markets, will now have to prove its acumen in the bottled shampoo segment, which is increasingly getting competitive after new marketing strategies were adopted by ITC and other players.
Saad Khan was swimming across a lake in Bangkok with a 7 kg backpack, when he drowned.
Ashok Gupta, executive director, and D Sundaram, vice-chairman, will be directors at Lakme Lever along with Anil Chopra, who returns to the newly formed subsidiary.
Kishore Biyani, the retail baron, seems ready to smoke the peace pipe with suppliers with whom he has been at loggerheads for the past few months. The move comes at a time when some of his recently launched private-label product categories are outselling those of multinational rivals such as Nestle.The founder of Future Group of retail chains including Food Bazaar and Pantaloon recently launched a series of in-house value-for-money consumer products.
Companies dissatisfied with 'intent and focus' of tech major.
Top executives from Hindustan Unilever (HUL) including chairman Harish Manwani and Nitin Paranjpe, managing director are in the Taj Hotel. Top officials from Ispat Industries are in The Trident, according to media reports. The Ispat office at Nariman point is closed today.
Analysts say they have more product ideas, nimbler market responses than the giants.
The Indian foods industry is at an inflection point, believe major fast moving consumer goods companies.
Speaking to rediff.com, police sources hinted that a faulty transformer could have triggered the blast, but no confirmation was available immediately.
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
@015 may be a good year for FMCG firms.
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