State Bank of India posted a 41 per cent year-on-year growth in the standalone net profit at Rs 5,583 crore - its highest ever quarterly net profit-- for the December quarter of FY20
Sales of products in the December quarter came in at Rs 96.96 crore
The Indian tea portfolio includes brands such as Brooke Bond Red Label, 3 Roses, Taaza, Taj Mahal and Lipton green tea
Haridwar-based group has given itself a 2-year target for doing so
Shedding the tag of being a slow mover, in the past three years Nestle has followed an aggressive launch strategy
In 2012, Tata Chemicals was successful at the Intellectual Property Appellate Board (IPAB) in revoking one of HUL's patents related to water purifier
Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company
Companies also ensuring visibility on digital and TV
Unilever said underlying sales growth would be below guidance in 2019 and in the first half of 2020 because of a slowdown in South Asia and weakness in West Africa
"In the last month and a half, HUL's stock price has corrected from levels of about Rs 2,179 per share to Rs 1,964 now"
Company's revenue to touch Rs 77,000 cr, to surpass the US
Relaunch of health food drink Milo receives positive feedback; more variants likely
Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.
HUL is increasing its international exposure for employees, covering not only future leaders and managers, but also interns and junior staff
85 experiments are under way to aid HUL's transformation into a future-ready company
Federation of All India Distributors Association steps in to lend support
Amazon was the top recruiter in the retail B2B and B2C space with nine offers
As a political blame game ensued, such environment disasters show the great opportunity that brands have to display their green leanings
This is the third straight quarter when HUL posted single-digit volume growth
Amidst slowdown, net sales grew 6 per cent led by volumes, EBITDA margin expanded by 293 basis point and net profit by 21 per cent