Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
Toothpaste maker Colgate-Palmolive (India)’s quarterly profit rose 30.5 per cent on Wednesday, aided by improved domestic demand. Net profit rose to Rs 274 crore for the quarter ended 30 June compared to Rs 210 crore a year earlier. Steady rural demand pick-up and some ease in domestic retail inflation helped Indian consumer goods companies log […]
Hindustan Unilever (HUL) in collaboration with Genpact announced the launch of an accelerator programme aimed at scaling businesses owned by minority and underrepresented groups in India. The objective of the initiative is to promote diverse and sustainable sourcing by facilitating the inclusion of minority-owned businesses in the supply chains of major consumer goods companies, including […]
Hindustan Unilever announced on Wednesday that it had completed the acquisition of a 51 per cent stake in Zywie Ventures for Rs 264.28 crore. Zywie Ventures, a wellness company, has been acquired by Hindustan Unilever. “Hindustan Unilever has completed the acquisition of 51 per cent of Zywie for a total consideration of Rs 264.28 crore […]
