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FMCG firms slash prices post GST reduction
Wed, Nov 22, 2017
FMCG companies, including ITC, Dabur, HUL and Marico, today said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers.
How pre-GST sales dented FMCG cos’ profit in Q1 FY18
Mon, Aug 07, 2017
These companies were impacted by the rollout of GST on July 1 and the destocking by pre-GST sales before the conclusion of the first quarter of FY18.
Myntra-Jabong CEO Ananth Narayanan on Marico's board
Wed, Jun 28, 2017
After Narayanan's appointment, Marico's board now has six independent directors besides chairman and non-executive director Harsh Mariwala, MD & CEO Saugata Gupta and two non- executive directors.
FMCG smiles: Colgate biggest beneficiary of GST; Patanjali, Dabur may cut rates, others neutral
Fri, May 19, 2017
Win some lose some attitude with the companies today after the GST Council decided on the GST rates on Thursday. Clear cut beneficiaries of the GST rates arise, Kotak Security analysts said while others may have to dip into profits to cut rates.
Marico expects to deliver double-digit sales growth about 8-10% for next four to five years
Tue, Apr 04, 2017
FMCG company Marico has projected to deliver double-digit sales growth around 8-10% volume growth for the next four to five years.
Exclusive talk with 'Harsh Mariwala', Chairman, Marico over GST implementation
Thu, Mar 30, 2017
Exclusive talk with 'Harsh Mariwala', Chairman, Marico over GST implementation. Watch this special segment and get to know more here.
Marico to acquire 45% stake in male grooming products company Zed Lifestyle
Fri, Mar 17, 2017
Zed Lifestyle owns 'Beardo', a male grooming brand founded by entrepreneurs Ashutosh Valani and Priyank Shah in June 2016 in Ahmedabad.
FMCG sector to grow over 15% in three years: CII Bain report
Wed, Mar 08, 2017
Fast Moving Consumer Goods (FMCG) sector is estimated to grow over 15% in the next two or three years, a report titled 'Winning with the Indian Consumer' said.
Higher price or lesser quantities: What will FMCG companies do to beat inflation this summer?
Tue, Mar 07, 2017
Nearly 15 years ago a pack of Lay's would get you 50 grams potato chips in it. With rising prices and other factors, PepsiCo kept the price of the pack constant at Rs 10 but the quantity of potato chips in it fell. Today, a Rs 10 pack of Lay's has 35 grams of potato chips in it.
ASCI pulls up Amazon, Cleartrip, Indigo Airlines, HUL for misleading ads
Thu, Feb 09, 2017
Amazon was pulled up for its HTC Desire 620G Dual Sim ad, while Cleartrip was for the pre-booking of flights ad.
Will Parachute, hair oils from Marico become more expensive in the next couple months?
Tue, Feb 07, 2017
Health and beauty consumer goods company, Marico in its conference call post the announcement of its third quarter (Q3) results said that it was anticipating inflationary pressures in the prices of dried kernels.
Marico Q3 Net down 6.82% at Rs 191.64 crore
Thu, Feb 02, 2017
FMCG firm Marico today reported 6.82 % decline in consolidated net profit at Rs 191.64 crore for the October-December quarter on account of lower income due to demonetisation. The company had posted a net profit of Rs 205.68 crore in the corresponding period of the previous fiscal.
FMCG companies expect Budget 2017 to be growth oriented to boost demand
Thu, Jan 26, 2017
After taking a demonetisation hit, fast moving consumer goods (FMCG) companies are pinning hopes on a growth oriented Budget to see a revival in consumer confidence and create demand both in urban and rural markets.
FMCG companies' ad spend decline highlights trouble in India growth story?
Mon, Nov 07, 2016
One of the largest FMCG companies, Hindustan Unilever (HUL), in India has decided to curb its ad and media spends in the country after poor macro-environment and lower new product launches.
How copra undid Marico's price hike strategy
Fri, Nov 04, 2016
Fast moving consumer goods (FMCG) major Marico Ltd would have never imagined that dried coconut kernels could cost the company three months of its entire fiscal. These kernels, also known as Copra, it is an important raw material in Marico's flagship product--Parachute hair oil.
Domestic FMCG firms log more revenue than MNCs in FY16: Report
Mon, Oct 31, 2016
Country's seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in India during 2015-16 fiscal, says a report.
Marico Q1 net profit up 17% at Rs 268 crore
Fri, Aug 05, 2016
"The India business recorded a robust volume growth of 8 per cent while the International business posted a constant currency top line growth of 4 per cent (volume growth of 8 per cent). The value growth was lower owing to price reductions in the Parachute Rigids portfolio aggregating 18 per cent consequent to commodity price deflation," the company said.
Will you spend more if monsoons are normal this year? Companies are betting on it
Wed, May 04, 2016
With drought in different parts of the country putting pressure on rural sales, FMCG firms including Marico, Dabur and Godrej Consumer Products Ltd (GCPL) are pinning hopes on 'pent up' demand to push growth after predictions of a normal monsoon this year.
FMCG firm Marico's Q4 rises nearly 26% to Rs 138 crore
Sat, Apr 30, 2016
The company had reported a net profit of Rs 110.03 crore in the corresponding quarter a year ago, it said in a Bombay Stock Exchange (BSE) filing.