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Consumer Goods News
Vijay Mallya arrested in London in money laundering case; secures bail immediately
Tue, Oct 03, 2017
Liquor baron Vijay Mallya has been arrested in London for the second time this year in a money laundering case, a Doordarshan report claimed on Tuesday. However, he secured a bail immediately after. In April 2017, Mallya was arrested as per India’s expedition request.
Retail companies in India are clueless on how to pass GST's input tax credit benefits to customers
Thu, Aug 24, 2017
Indian retail CFOs have raised concerns over various issues under GST regime. One of them being input tax credit.
Aditya Birla Fashion acquires American Eagle's selling rights; shares end 5% up
Wed, Aug 16, 2017
Aditya Birla Fashion and Retail Ltd will sell American Eagle Outfitters and Aerie brands next year.
'Retailers, consumer goods cos may unlock $2.95 trillion in 10 years'
Fri, Aug 04, 2017
Retailers and consumer goods companies could unlock USD 2.95 trillion in value for the industry and consumers over the next decade by accelerating digital transformation, says a report by Accenture Strategy.
Hindustan Unilever Q1FY18 preview: GST disrupted profits?
Tue, Jul 18, 2017
FMCG major Hindustan Unilever is set to announce its financial result for the quarter ended on June 30, 2017.
Cigarette makers drop as GST Council hikes cess; ITC biggest loser
Tue, Jul 18, 2017
The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.
Reckitt Benckiser denies Oxfam claims of avoiding millions in taxes
Thu, Jul 13, 2017
British consumer goods giant Reckitt Benckiser Group said on Wednesday its tax structure and practices were in line with other global businesses, denying allegations of tax avoidance in developing countries, after charity group Oxfam levelled charges against it.
GST impact: FMCG PAT, revenues to slow down over 2% in Q1FY18
Tue, Jul 11, 2017
Result preview of fast moving consumer goods (FMCG) in the first quarter of FY18 will be impacted by the after effects of GST rollout.
Samsung Electronics says second-quarter operating profit likely rose 72% year-on-year
Fri, Jul 07, 2017
Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 72 % from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins.
Reflect price revision post GST via stickers till September 30: Govt
Wed, Jul 05, 2017
The difference between the retail sale price originally printed on the package and the revised price "shall not, in any case, be higher than the extent of increase in tax" or in the case of imposition of fresh tax on account of the implementation of the GST, it said
From apparels to automobiles, companies offer huge discounts to clear pre-GST stock
Fri, Jun 16, 2017
Companies such as Woodland, Levi's and other apparel companies to automobile companies including passenger cars and two-wheeler firms are offering pre-GST discounts.
GST will not hurt second quarter sales, retailers say
Thu, Jun 15, 2017
At the ReTech Conclave hosted by Retailers Association of India on Wednesday, where the retailers gathered anticipated little or no change in sales figures post GST implementation. Key Highlights
Nestle, PepsiCo & other 8 companies control everything you buy
Mon, Jun 12, 2017
There are 10 companies like Nestle, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, among others that control majority of what you buy from food and beverage brand.
Beauty, personal care market to touch $10 billion by 2021: IBHA
Sun, Jun 11, 2017
Beauty and personal care (BPC) market in the country is expected to touch USD 10 billion by 2021 growing at an annual rate of 5-6 per cent on the back of evolving consumer awareness and aspirations, according to a report by IBHA.
India leads the growth in consumer sentiment around the world
Wed, May 31, 2017
One of the reasons for the consumer sentiment and the purchase of premium products is the e-commerce boom in India.
Hindustan Unilever's Q4 net profit rises by 7% to Rs 1,183 crore
Wed, May 17, 2017
For the full financial year, the company's domestic business grew by 4% with 1% underlying volume growth and EBITDA margin expanded by 38 basis points.
Hindustan Unilever Q4 preview: Will demonetisation continue to impact margins?
Wed, May 17, 2017
In the previous quarter, HUL's Q3FY17 net profit was up by just 7% to Rs 1,038 crore as against Rs 971.6 crore in Q3FY16.
Analysis and suggestion on the movement of Godrej group
Wed, May 10, 2017
Analysis and suggestion on the movement of Godrej group. Watch this special segment and get to know more here.
Adi Godrej hands command of GCPL to Nisaba Godrej
Wed, May 10, 2017
Adi Godrej hands command of GCPL to daughter, Nisaba Godrej.
Emami Q4: Here's what experts say
Thu, May 04, 2017
Experts have predicted that the consumer sector is likely to post another quarter of muted revenue growth.