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‘Budget has tried to balance social and economic priorities of the country’ February 01, 2021 The Budget has done a “balancing act” between the social and economic priorities of the country, said Harsha V Agarwal, Director, Emami Ltd. It has enhanced allocation to agri-credit and has also prioritised the agricultural and agri-allied sectors. “All these measures are expected to generate an increase in rural consumption, which is necessary for reviving the Indian economy,” he said. Meanwhile, Aditya V Agarwal, Director, Emami Group called the Budget “growth oriented” and said i...

FMCG stocks were trading with losses, with the S&P BSE FMCG Sector index decreasing 168.93 points or 1.34% at 12436.61 at 13:48 IST. Among the components of the S&P BSE FMCG Sector index, Prabhat Dairy Ltd (down 3.94%), Hindustan Unilever Ltd (down 2.89%),Varun Beverages Ltd (down 2.84%),Bajaj Consumer Care Ltd (down 2.5%),Future Consumer Ltd (down 2.09%), were the top losers. Among the other losers were Vishwaraj Sugar Industries Ltd (down 1.71%), Emami Ltd (down 1.67%), Cupid Ltd (down 1.53%), Associated Alcohols & Breweries Ltd (down 1.4%), and Advanced Enzyme Technologies Ltd (down 1.3...

Hindustan Unilever net profit for third quarter for FY2021 rises 19 per cent to Rs 1,921 crore Domestic consumer growth, excluding the impact of merger of GSK CH and acquisition of VWash, grew by 7 per cent during the quarter. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  FMCG major Hindustan Unilever (HUL) on Wednesday reported a 19 per cent increase in net profit at Rs 1,921 crore for the quarter ended December 2020 as against Rs 1,616 crore posted in the same period last year on the back of steady revenue growth and operating income. Revenue from operations gre...

Emami reports 37% rise in Q3 profit to ₹202 cr; revenue grows 13% January 28, 2021 Harsha V Agarwal, Director, Emami Ltd× RELATED Homegrown FMCG company Emami Ltd reported a near 37 per cent jump in standalone net profit to ₹202 crore for the quarter ending December 30, 2020. Net profit in the year-ago period stood at ₹148 crore. Standalone revenue from operations stood at ₹845 crore, up 13 per cent year-on-year, over the ₹748 crore it reported in Q3FY20. On a consolidated basis, the company reported a 45 per cent jump in net profit, YoY, to ₹209 crore for Q3FY21; while revenue...

Emami Ltd Q3FY21 consolidated PAT rises to Rs. 208.96 crore