During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product
Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years
Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year
Like the rest of the consumer goods industry, Unilever's margins have been squeezed since the start of the war in Ukraine that has pushed up costs of energy and key ingredients
"The chairman and the nomination committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey," the company said
While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.
The challenges of inflation persist and the global macroeconomic outlook is uncertain, but we remain intensely focused on operational excellence and delivery in 2022 and beyond, CEO Alan Jope said.
