Sagar Malviya

  • ET Awards 2019: Not drawing up contingency plan, says HUL's Sanjiv Mehta

    ET Awards 2019: Not drawing up contingency plan, says HUL's Sanjiv Mehta

    “We are not creating a strategy for recession now. As a business, we are ready for the demand to pick up and it is not that we are putting the shutters down,” said HUL chairman. “The slowdown has to first slow. Then you have to stop slowing down. And then you have to reverse. So, at this stage, it is difficult to predict whether we have reached the bottom or not.”

    Two steps forward, one step back: Cees’t Hart, Carlsberg's CEO

    Two steps forward, one step back: Cees’t Hart, Carlsberg's CEO

    “It’s a volatile environment. We used to say, two steps forward and one step back. The third quarter indeed was one of these quarters that is one step back for Carlsberg when it posted flat volume growth. It was impacted by price and excise tax increase in a couple of states," Hart said at an investor call last week.

    Future’s Amazon deal set to close soon: Kishore Biyani

    Future’s Amazon deal set to close soon: Kishore Biyani

    Amazon had sought CCI approval last month for its proposed Rs 1,500 crore deal to acquire 49% of Future Coupons through its investment arm, Amazon.com NV Investment Holdings LLC, which in turn will give them 3.5% stake in Future Retail, Biyani’s flagship company.

    HUL keen to grow naturally, sources products from parent

    HUL keen to grow naturally, sources products from parent

    The local unit of Unilever will launch more than a dozen friendly personal care products under Love, Beauty and Planet brand, that are made from ethically and sustainably sourced ingredients with vegan-friendly formulations and packed in 100% recycled and recyclable bottles.

    With no liquidity, liquor sales on the rocks

    With no liquidity, liquor sales on the rocks

    Liquor trade’s hangover from the slowdown is similar to FMCG failing to take a bigger bite out of consumer spend, again thanks to liquidity issues. Hindustan Unilever had last month said trade was facing an acute liquidity crunch. Analysts expect liquor sales to remain subdued for the rest of the fiscal.

    Twitter India profit doubles in FY19

    Twitter India profit doubles in FY19

    Net profit at Twitter Communications India rose 108% to Rs 5.8 crore, according to company filings sourced from Veratech.

    P&G Home's sales rise 14% on rural expansion

    P&G Home's sales rise 14% on rural expansion

    Over the past two-three years, P&G Home Products has been exiting unprofitable categories and product sizes, in line with its global strategy, that slowed down its revenue growth but led to much more profitable business.

    Pernod Ricard India revenue up

    Pernod Ricard India revenue up

    The maker of Absolut vodka and Chivas Regal scotch had gross sales of Rs 20,335 crore in the year-to-March 2019, latest filing sourced from Veratech showed. Pernod's growth numbers outpaced Diageo's Indian business that grew 10% in revenues.

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