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Business  /  Published 22.04.22

Input price hike erodes Nestle net

FMCG major Nestle India on Thursday reported a 1.27 per cent drop in net profits for the quarter ended March 31 as rising input prices hit a 10-year high. Nestle India, the maker of Maggi noodles and...
By Our Special Correspondent in Mumbai

Business  /  Published 10.04.22

Four-day work week finds favour

With a number of companies across the world proposing 4-day workweek for employees, a report has revealed that a majority of employers in India strongly agree that this model will help in reducing str...
By PTI in Mumbai

Business  /  Published 21.03.22

FMCG players weigh price hike

1) Commodity prices such as wheat and palm oil have gone up. Cost of packaging material has risen 2 Big names to adopt a calibrated approach to hikes 3) Fluctuation in input prices making th...
By PTI in New Delhi

Business  /  Published 11.03.22

Prabha Narasimhan new Colgate MD

Colgate-Palmolive (India) on Thursday named Prabha Narasimhan, the former executive director of Hindustan Unilever Ltd (HUL), as its new chief executive officer and managing director. She will replac...
By Our Special Correspondent in Mumbai

Business  /  Published 02.03.22

No clarity on Khaitan role at Eveready

The Burman family intends to assume control of Eveready but is not prepared to say whether the Khaitans — existing promoters of the country’s largest dry cell battery maker — will co...
By Sambit Saha in Calcutta

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Business  /  Published 18.02.22

Nestle profit down 20%

FMCG major Nestle India Ltd on Thursday reported a 20 per cent decline in its net profit at Rs 386.66 crore for the fourth quarter ended December 31, 2021 as dearer raw material inputs weighed on earn...
By PTI in New Delhi

Business  /  Published 04.02.22

ITC reports 15% jump in net profit

The hotels segment returned to profit in the quarter, posting EBIT of Rs 52.94 crore, compared with a loss of Rs 72.25 crore a year ago. The company said occupancy recovered to pre-pandemic levels ev...
By Our Special Correspondent in Calcutta

Business  /  Published 04.02.22

Emami founders pass baton

The announcement comes ahead of the April 1 deadline set by market regulator Sebi which has come out with a new set of regulations that require the country’s top listed companies by market capit...
By Our Special Correspondent in Calcutta

Business  /  Published 21.01.22

Input cost rise hits HUL volume growth

The company had posted a net profit of Rs 1,265.35 crore during the October-December quarter of the previous fiscal. Its revenue from operations jumped 25.61 per cent to Rs 8,527.24 crore during the q...
By Our Special Correspondent in Mumbai

Business  /  Published 17.01.22

A ray of hope for FMCGs

FMCG companies are expecting a revival in their margins, battered by high raw material prices, the slowdown in rural consumption and the Omicron wave. Margins got impacted during the first and second...
By Our Special Correspondent in Mumbai


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