FMCG major CavinKare, as part of its retail expansion plans, has announced its foray into the QSR segment with a new brand - Jango’z. Launching its maiden outlet in Chennai, the company further plans to set up over 100 outlets across strategic locations in India by 2026.
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Hindustan Unilever Ltd. (HUL) Chairman Sanjiv Mehta s annual salary was Rs 19.42 crore a year ago. His pay package is 122 times the median pay of HUL employees
Procter & Gamble Health rose 0.48% to Rs 7,360.35 after the company reported a 77.6% jump in net profit to Rs 67.88 crore on 1.5% rise in net sales to Rs 240.22 crore in Q2 December 2020 over Q2 December 2019.The FMCG company said its profitability was primarily driven by lower travel and selling expenses due to Covid-19 pandemic.
Profit before tax jumped 70.1% to Rs 86.43 crore in Q2 December 2020 over Q2 December 2019. Current tax expense spiked 37% to Rs 19.03 crore in Q2 December 2020 over Q2 December 2019.
Commenting on company s Q3 performance, Milind Thatte, MD of Procter & Gamble Health said, The company continues to deliver consistent sales growth driven by a sustained demand for our quality and affordable vitamins, minerals, supplements and medicinal products. With the country gradually opening up and the markets showing a steady recovery in the health category, we will continue our focus on ensuring uninterrupted supplies while doubling down our efforts to increase reac