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Domestic FMCG firms outpace MNCs in revenue in FY16: Report

Domestic FMCG firms outpace MNCs in revenue in FY16: Report

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.

'7th Pay commission, GST to help increase demand in H2'

'7th Pay commission, GST to help increase demand in H2'

After witnessing a sluggish first half, FMCG firm Godrej Consumer Products Ltd (GCPL) expects demand to be better in the remaining period of the year with implementation of 7th Pay Commission and passing of GST likely to increase consumption.

ITC appoints Sanjiv Puri as COO

ITC appoints Sanjiv Puri as COO

FMCG major ITC on Monday announced the appointment of Sanjiv Puri as its chief operating officer with immediate effect.

ITC Q1 net profit up 10% to Rs 2,385 crore

ITC Q1 net profit up 10% to Rs 2,385 crore

FMCG firm ITC on Thursday reported an increase of 10 percent in standalone net profit at Rs 2,385 crore for the first quarter ended June 30, 2016.

Patanjali to launch more dairy items,enter cattle feed segment

Patanjali to launch more dairy items,enter cattle feed segment

Yoga Guru Ramdev today said Patanjali will soon launch more dairy products, cattle feed and natural manure as it is aiming total turnover of Rs 10,000 crore by next year.

Dabur doesn't see threat from Patanjali's 'faith-based' items

Dabur doesn't see threat from Patanjali's 'faith-based' items

New Delhi: Dabur India on Monday said it is not worried about challenge to its 'science-based' ayurvedic FMCG items from 'faith-based' products from the stables of Yoga guru Baba Ramdev's Patanjali and Sri Sri Ayurveda of Art of Living, saying competition has helped in expanding the market.

This app will help you learn how the stock market works

This app will help you learn how the stock market works

Aiming to invest in the stock market but unsure of how it works? Learn from this app

HUL completes sale of its 'Modern Bakery' brand

HUL completes sale of its 'Modern Bakery' brand

 FMCG major Hindustan Unilever Ltd (HUL) has completed sale of its bread and bakery business under 'Modern' brand to Everstone Group's Nimman Foods Pvt Ltd.

Not ready to print larger pictorial warnings on cigarette packets, says ITC

Not ready to print larger pictorial warnings on cigarette packets, says ITC

FMCG major ITC today said it is not ready to print larger pictorial warnings on its cigarette packs, as required under a new government norm, and its factories will be shut till clarity emerges on the matter.

Nestle dragged to court in UP over 'sub-standard' Maggi

Nestle dragged to court in UP over 'sub-standard' Maggi

 Nestle India and its two sellers have been dragged to court over alleged sub-standard Maggi noodles, a charge denied by the FMCG major which questioned the testing standards.

Dera Sacha Sauda firm MSG All Trading launches 151 products

Dera Sacha Sauda firm MSG All Trading launches 151 products

MSG All Trading International Pvt Ltd, a Dera Sacha Sauda firm, on Sunday said it has introduced 151 products including food items.
 

Rail Budget 2016: Railways to tap auto and FMCG sectors in big way

Rail Budget 2016: Railways to tap auto and FMCG sectors in big way

Facing a decline in loadings demand, railways is mulling various options including entering into untapped areas like auto and FMCG to increase freight revenue.

 

ITC's Yippee nears Rs 1K-crore mark, gains from Maggi controversy

ITC's Yippee nears Rs 1K-crore mark, gains from Maggi controversy

Diversified group ITC's instant noodles brand Yippee is inching closer to become a Rs 1,000-crore brand, making the most out of the controversy that hit rival Nestle's Maggi.

 

Gillette India appoints Al Rajwani as Managing Director

Besides, Narendra P Sarda has also been appointed as an Independent Director of the company, it added.

GCPL net jumps 39% on soaring rural sales, cheaper inputs

Homegrown FMCG player Godrej Consumer Products Ltd (GCPL) on Wednesday reported 39 percent rise in net profit at Rs 199.23 crore for April-June quarter of this fiscal, boosted by cheaper raw materials and a massive spurt in rural sales following product innovations.

Hindustan Unilever Q1 net rises 4% to Rs 1,059 crore

FMCG major Hindustan Unilever's (HUL) standalone net profit remained flat at Rs 1,059.14 crore for the first quarter ended June 30, 2015 due to subdued demand in rural markets.

HDFC MF sells 2.01% stake in Procter & Gamble for Rs 429 cr

HDFC Mutual Fund has reduced its stake in FMCG firm Procter & Gamble Hygiene & Health Care Ltd (P&G) by 2.01 percent by selling 6.52 lakh shares for Rs 429 crore in the open market.

HUL reorganises go-to-market ops, creates 14 consumer clusters

FMCG major Hindustan Unilever (HUL) today said it has reorganised its go-to-market operations from traditional four sales branches to 14 consumer clusters to service diverse consumers across channels and geographies.

Nestle stock hit by Maggi row, sinks 9%

After falling 11.86 percent to Rs 6,000 in intra-day trade, shares of Nestle finally settled at Rs 6,191.10, down 9.05 percent from its previous close on the BSE.
On the NSE, it tanked 9 percent to end at Rs 6,186.95.

Emami gets into haircare, acquires Kesh King for Rs 1,651 cr

Emami's current oil portfolio includes Navratna Cool Oil and Emami 7 Oil in One Damage Control Hair Oil.