The FMCG business is hopeful about at least 20 percent growth in 2023 after a ‘exponential boom’ in 2022. “We observed strong demand and a 30% increase from the prior fiscal year. Our expected revenue of Rs 4500 crores for the end of March 2023 has already been surpassed, according to Ashish Khandelwal, Managing Director…
Hindustan Unilever, a major FMCG company, increased its consolidated net profit by 7.86 percent to $2,481 billion for the quarter that ended in December from $2,300 billion in the same quarter last year.Comparing the net profit to the Rs. 2,670 crore profit from the prior quarter, the net profit decreased by 7% sequentially. In comparison…
Hindustan Unilever, a major FMCG company, entered the health and wellbeing market by making strategic investments in Nutritionalab’s Wellbeing Nutrition and OZiva from Zywie Ventures. HUL would pay ‘264 crore in cash to acquire a 51% interest in OZiva through a combination of primary infusion and secondary buy-outs. HUL stated that the remaining 49% will…
Major FMCG firms observed a comeback in home and personal care items in the quarter that ended in September, despite inflation and weak growth having an impact on the Fast-Moving Consumer Goods (FMCG) industry.FMCG companies including Hindustan Unilever Ltd (HUL) and ITC Ltd. reported volume growth in personal care and home care goods but comparatively…
Fast-moving consumer goods (FMCG) companies are hopeful of rural consumption improving in the coming quarters on the back of softening commodity prices, normal monsoons, and government measures. Rural volumes have largely been muted so far because of inflationary pressures impacting consumption in the regions. Commodities will have the most impact on rural volumes, according to Ritesh…
Markets saw a volatile day today. Both the Bank Nifty and the Nifty Index closed slightly lower, losing their first half at the close of trading. Hindustan Unilever topped the big cap stocks, up 3% on new long-term gains, while Adani Port and Adani End closed with strong gains, narrowing. Nifty Midcap 100 index closed…
