A ramp-up in its deal with Pfizer resulted in a decent growth in its US and Europe sales. The net profit also got a boost from a forex gain of Rs 76.2 crore.
As per the deal, Biocon will conduct clinical development and regulatory filings while Pfizer will get the exclusive rights to market these products in most markets.
The merger will help GCPL to reduce its dependence on soap products and also tackle high raw material cost caused by inflation in the soap segment.
Delhi-based Koutons Retail India has lost over 40% of its market capitalisation in the past five trading sessions. Its stock closed at an all-time low on Thursday.
After lagging behind the Sensex for the past one month, the BSE FMCG Index outperformed the broader index last week.
The scrip of Bata India, biggest footwear retailer in the country, hit an all-time high. Compared to a 16% gains in the benchmark Sensex, the company’s stock has more than doubled in the past one year.
OVER the past few quarters, larger FMCG players have increased their advertising and promotional spends and reduced price per unit quantity in a bid to stay ahead of competition.
Vishal Retail, which has been reporting operating loss for the past six quarters following the poor show by its retail venture, proposed to sell its core retail business to the Shriram Group.
The latest verdict of the Israeli Supreme Court will enable Sun Pharma to increase its stake in Taro to around 53 per cent.
Over the past few years, Tata Global Beverages (TGB) has transformed itself from a tea plantation company to a marketing company.
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