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Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures

After the acquisition of a 51 percent stake for a consideration of Rs 264.28 crore, Zywie Ventures has become a subsidiary of HUL New Delhi: FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a...

HUL to acquire majority stake in OZiva and 19.8 pc in Wellbeing Nutrition; to invest Rs 335 crore

Hindustan Unilever Limited invested in OZiva and Wellbeing Nutrition to foray into the health and wellbeing segment  New Delhi: Leading FMCG maker HUL on Thursday announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in...

HUL and GSK Consumer to terminate distribution agreement for OTC products

The agreement was for brands such as Crocin, Eno, Iodex, Ostocalcium, Otrivin, and Sensodyne. The one-year notice period for termination shall commenced from November 9, 2022 New Delhi: FMCG major Hindustan Unilever Ltd (HUL) and healthcare firm GSK have mutually decided...

FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases

In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such as Britannia, Dabur and Nestle have reported volume growth as well New Delhi: The FMCG industry expects an improvement in...

FMCG major Emami looks for acquisitions in India, internationally

FMCG major Emami Ltd is looking out for acquisitions both in India and international markets to strengthen its footprint, while also tapping at opportunities arising out the coronavirus pandemic, according to a senior company official. The company, which is seeking to enhance...

Govt in final stage of drafting e-commerce policy

The government is in the final stage of drafting the e-commerce policy and National Retail Trade policy, Union minister Som Parkash said on Wednesday. According to a PTI report: The Minister of State for Commerce and Industry said the government...

HUL Q2 net up 8.6 pc at Rs 1,974 crore

FMCG major Hindustan Unilever on Tuesday reported an 8.58 percent increase in consolidated net profit to Rs 1,974 crore for the quarter ended on September 30, 2020. The company had posted a net profit of Rs 1,818 crore in...

FMCG stocks on a roll as household binge during lockdown drives valuations

Stocks of fast-moving consumer goods (FMCG) companies are on a roll since the lockdown in March as increased consumption at home and lesser disruption in demand compared to other sectors have boosted valuations. The FMCG Index grew 32 percent from...

HUL expects few turbulent quarters going forward

FMCG major HUL expects a couple of turbulent quarters going forward and the firm's objective would be to navigate it in the most agile manner, company's Chairman and Managing Director Sanjiv Mehta said on Tuesday. According to a PTI report:...

HUL logs 7 pc rise in net profit at Rs 1,881 cr

FMCG major Hindustan Unilever (HUL) on Tuesday reported a 7 percent growth in standalone net profit for the first quarter (April-June) of FY21 at Rs 1,881 crore. During the corresponding period of the previous fiscal, the company had reported a...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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