HUL
Food
FMCG cos gear up to pass on tax reduction benefit to consumers
With the revised GST rates coming into force from Wednesday, FMCG majors such as Hindustan Unilever (HUL) and ITC said they are in the process of reducing prices of commonly used items to pass on the benefits to consumers.
According...
Food
FMCG companies to pass on GST benefits to consumer
Consumer product makers, including HUL and Patanjali, hailed the GST Council's decision to lower tax rates on commonly used items and said the benefits will be passed on to customers.
According to a PTI report: The Council has reduced tax...
Food
Srinivas Phatak to join HUL as CFO, Exec Director Finance
FMCG major Hindustan Unilever has announced the appointment of Srinivas Phatak as its Chief Financial Officer and Executive Director, Finance and IT.
He has succeeded PB Balaji who resigned from the company in August to join Tata Motors as group...
Food
FMCG firms expect full recovery from the pangs of implementation of GST
As the GST completes 100 days, major FMCG firms, including Dabur and Godrej Consumer, expect full recovery from the pangs of implementation of the new tax regime by the end of the third quarter with clear signs of demand...
Food
GST has not impacted consumer offtake; price cuts to drive sales, says HUL
FMCG major Hindustan Unilever (HUL) said the new tax regime of goods and services tax (GST) has not impacted the consumer offtake and expects the price cuts undertaken by it to drive sales.
"I don't think GST has impacted the...
Food
HUL expects rural demand to revive on good monsoon
FMCG major Hindustan Unilever is expecting the rural demand to revive on good monsoon and loan waivers to farmers by some states.
According to a PTI report: Besides, HUL is looking up to its trade partners to soon attain "normalcy"...
Food
GCPL slashes soap prices by 8 per cent; extends tax benefits to consumers
Home-grown FMCG firm Godrej Consumer Products Ltd (GCPL) has slashed its soap prices by 6 to 8 per cent, extending the tax benefits to its consumers, while absorbing the hike in hair colours.
According to a PTI report: The company...
Food
GST Impact: Emami cuts hair oil prices
Kolkata-based FMCG firm Emami today said it has reduced prices of its hair oil to pass on the GST benefit to consumers.
According to a PTI report: Under the new GST regime, common use products like hair oil, soaps and...
Food
Dual MRP tags to enable consumers understand GST's impact: FMCG cos
Dual MRP tags -- indicating pre and post GST rates -- on unsold consumer products will help companies clear inventories and bring transparency to the market, FMCG firms said.
According to a PTI report: Besides, the tags would enable end-consumers...
Food
FMCG companies revise rate; extend tax benefits to customers
FMCG companies are revising prices of their products after the implementation of GST and are extending the tax benefits to the consumers under the new tax regime.
According to a PTI report: The companies such as Patanjali, ITC, HUL and...
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The Luxottica report card for 2022
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