The price of Surf Excel Matic (liquid) has been cut to Rs 199 from Rs 220 for a one-litre pack
Its strategy follows the success parent Unilever had in the US in this segment, which it entered in 2017 through acquisitions alone
Jawa 'orchestrated once-in-a-decade, end-to-end transformation of Unilever' in key role in London
Dwells on the MNC's milestone achievements across the globe as he hands over the mantle of MD & CEO to Rohit Jawa
FMCG major HUL on Friday announced the appointment of Rohit Jawa as the Managing Director & Chief Executive Officer. Jawa, presently the Chief of Transformation for Unilever, would take over the leadership role for five years with effect from June 27, 2023. "The appointment of Rohit Jawa as a whole-time Director and MD & CEO will be subject to approval of shareholders and other statutory approvals as may be applicable," HUL said in a regulatory filing. Jawa will succeed Sanjiv Mehta as the MD & CEO of the company with effect from June 27, 2023.
The two brands had a combined turnover of Rs 127 cr in FY22, less than 1% of HUL's top line
'Mom-and-pop stores will remain the most dominant channel even after a decade, and in a highly digitised form'
Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively
A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks
In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season
Stocks to watch today: Jubilant Foodworks plans to open 3,000 Domino's stores - 250 stores for Domino's India in the next 12-18 months. It also plans to start 40-50 stores for Popeyes India
FMCG major cautiously optimistic on commodity prices, sees rural slowdown bottoming out
Analysts say impact depends on commodity and energy prices
Stocks to watch today: Metals and mining major Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore
Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million
"This step is in the right direction in embracing progressive corporate governance practices," HUL said in its statement
HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment
The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
To acquire majority stake in OZiva maker, 19.8% in Nutritionalab