New Delhi: Cigarettes to FMCG and hotels major ITC's profit after tax grew a tad higher than expected by 20.2 per cent year-on-year to Rs 1,602 crore in the quarter ended June 2012 while analysts on an average had expected around Rs 1,581 crore.
Net sales rose by 15 per cent to Rs 6,652 crore during the same period, which were in-line with expectations of Rs 6,685 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 200 basis points YoY to 34.7 per cent in the quarter, which was quite higher than the forecast of 33.9 per cent.
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12:57 PM, Jul 26, 2012
New Delhi: Budget 2012 presented by Finance Minister Pranab Mukherjee on Friday, March 16, makes eating out and phone bills and other comforts of life costlier, pinching the common man. Increase in service tax will increase one's mobile bills by 2 per cent every month. Two and four wheelers will get more expensive and so will refrigerators, air conditioners (ACs), washing machines, watches, cosmetics and tobacco products. The FMCG industry...
08:58 AM, Mar 17, 2012
Mumbai: The FMCG industry on Friday said they will be forced to increase prices even though sales are already muted and margins are under immense pressure. Finance Minister Pranab Mukherjee increased excise duty to the pre-crisis level of 12 per cent from 10 per cent. "I expect this Budget to have a slightly inflationary effect due to the cascading effect of companies passing on the excise duty increase to consumers,"...
10:59 PM, Mar 16, 2012
Mumbai: Indian equity benchmark Nifty snapped 8-day losing streak on Tuesday - bouncing back above the 4800 mark - led by technology, banks, metals and auto (four-wheeler) stocks. But the market was extremely volatile during the day due to choppy trade in rupee. Both the benchmarks trimmed gains in late trade following cut in gains in European markets and downward spiral in the rupee. The 30-share BSE Sensex rose 119.32...
09:03 AM, Nov 22, 2011
New Delhi: The industrial growth of the country slowed to 4.1 per cent in August on account of the poor performance of the manufacturing sector and a decline in mining output, indicating an economic slowdown. Growth in factory output, as measured in terms of the Index of Industrial Production (IIP), stood at 4.5 per cent in August last year. During the April-August period this fiscal, IIP growth stood at 5.6...
11:42 AM, Oct 12, 2011
Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues. The 30-share barometer advanced by 156.77 points to close at 16,498.47 points. The index initially touched the day's low of 16,213.18. The broad-based National Stock Exchange index Nifty closed higher by 50.10 points at 4,948.90 after touching a...
09:21 AM, Aug 23, 2011
New Delhi: Lets not lose market share even if it means sacrificing margins in the short term. Long Procter and Gambles battle cry, in the last few years it had increasingly become an intrinsic part of arch-rival Unilevers strategy as well. Hardly surprising, as Paul Polman who became Unilever CEO in 2009 had spent 27 years at P&G. With mergers and acquisitions picking up globally, it was only a matter...
12:14 PM, Jun 24, 2011
London: In what could be one of the biggest deals in the global FMCG sector, consumer goods giant Procter & Gamble is rumoured to be lining up a 38 billion pounds bid for its biggest rival Unilever. Wild rumours are doing the rounds that Procter & Gamble (P&G) could make a mega offer for Unilever, according to British publication Daily Mail. There are "wild rumours from across the pond that...
11:07 AM, Jun 02, 2011
Mumbai: You've seen the ads - but have you wondered what it is exactly that Speak Asia does and how it makes money for you? Speak Asia claimed FMCG majors paid them for conducting market surveys, but after the companies denied it, Speak Asia said it was a miscommunication. Speak Asia CEO Manoj Kumar said, "We apologise to the companies concerned." So how does Speak Asia work? It say it ...
06:59 AM, May 19, 2011
Mumbai: India's fast moving consumer goods industry is hoping the upcoming budget will bring in concrete measures to tame spiralling inflation and viable tax structure to ensure continued growth. The 130-billion-rupee industry, which is the fourth largest sector in the Indian economy, has been reeling under the pressure of surging input costs and subsequent impact on profit margins. "Prices of agri-commodities are on the rise. Prices have risen by 30-35...
03:32 PM, Feb 24, 2011
Infrastructure, FMCG sectors are expected to see maximum salary hike. ...
04:24 PM, Apr 29, 2009
A Nielsen Survey shows that FMCG is where freshers are heading in 2009. ...
12:10 AM, Dec 24, 2008
IT is no longer the preferred destination for management graduates. ...
12:13 AM, Dec 21, 2008
Entertainment channels fall back on re-runs to save the day. ...
12:29 AM, Nov 17, 2008
The best thing to do is just sit on cash and wait this out, says the financial expert. ...
03:05 AM, Oct 14, 2008
Durban: Their title defence having ended early with a whimper, Mumbai Indians would look to salvage some of their battered reputation with at least a win when they take on Sydney Sixers in an inconsequential Group B match of the Champions League Twenty20 here on Monday. Mumbai Indians came into the tournament as one of the favourites with a star-studded squad but they have failed to live up to their...
03:07 AM, Jul 10, 2008
Bangalore: India's triumphant Under-19 World Cup captain Unmukt Chand on Wednesday said his team's interaction with senior batsman Sachin Tendulkar helped the side to regain the coveted title Down Under. Tips given by Sachin [Tendulkar] were very helpful for us. He has played so many matches in Australia and he gave us the tips on the kind of pitches we would get during the World Cup. He also shared his...
09:50 AM, Jun 21, 2008
Bridgetown: Chris Gayle has finally broken his silence on his long feud with the West Indian Cricket Board, dismissing suggestions he did not want to play international cricket and laying the blame with the board. The former Test captain released a long and emotional statement saying he had wanted to resume his international career but his attempts to reconcile with the board had been fruitless so he had been forced...
07:57 PM, Feb 08, 2008
It was disappointing day for the IT, pharma, FMCG and capital good stocks. ...
11:17 PM, Jul 16, 2007
Wipro's consumer-products unit has bought Singapore's Unza Holdings, makers of toiletries, for $246 million in cash. ...
09:19 PM, Jul 06, 2007
