The FMCG sector has witnessed the highest discrepancies in information provided by job aspirants during background checks in the April-June quarter, according to a report.
Go the extra mile by making calls, setting up mini stores; trend is here to stay, say experts
Normalcy in operations, push into rural areas aid growth
The company reported an 11.14 per cent increase in net profit at Rs 486.60 crore for the quarter ended June 2020, helped by an increase in sales.
The second of a 5-part series looks at the challenges in food export business
Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore
Impact of the lockdown of manufacturing facilities, cigarette inventory levels, guidance on price and volume, and alternate distribution channels are among the key monitorables
Thanks to in-home consumption and a focus on hygiene and health, HUL said these brands contributed significantly to growth within its essentials portfolio, which constitutes 80% of its business
A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum
Promoters hope to ring-fence long-term interests of the firm via this partnership
The company did not disclose the exact number of employees but reports say 33 workers have been tested positive
Media industry experts and agency heads point to a revival in TV and digital advertising in June, as big spenders such as FMCG, automobiles, and e-commerce get operations back to pre-Covid-19 levels
Q4 was weaker than demonetisation and GST times; Q1 could witness even more pain
Q4 was weaker than demonetisation and GST periods, and June quarter is expected to see further pain despite hopes from better rural demand
The distribution network also improved progressively during the quarter with the government gradually easing the movement of food and grocery items of daily use, the company said
"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.
Chairman and Managing Director Sanjiv Mehta says the April-June period has been largely about restoring operations.
The order was issued in a dispute filed by ITC alleging that Nestle India has used the expression 'Magical Masala' for its instant noodles brand Maggi in 2013.
Hindustan Unilever Ltd is confident about medium to long-term growth prospects of the sector
Stock hits all-time high on growth uptick in April, May