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Sanjiv Puri's strategic moves: How the Chairman & MD fuelled ITC's expansion beyond cigarettes, and led the hotels demerger

Sanjiv Puri's strategic moves: How the Chairman & MD fuelled ITC's expansion beyond cigarettes, and led the hotels demerger
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Kolkata , West-bengal , India , Bihar , Virginia , United-states , Shirish-pardeshi , Abhijeet-kundu , Head-research-at-centrum-broking , Research-at-antique-stock-broking , Technology-centre , Large-companies

Demand woes, volume-margin trade-off likely to weigh on HUL

Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs.

Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward.

Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.

Hindustan , India-general- , India , Abhijeet-kundu , Shirish-pardeshi , Dhiraj-mistry , Abneesh-roy , Centrum-research , Nuvama-research , Hindustan-unilever , Antique-stock-broking , Business-news

HUL | HUL share price: Starting from Q1, post bifurcation of business, HUL growth momentum may pick up: Shirish Pardeshi

Shirish Pardeshi of Centrum Broking discusses the impact of the lack of expected recovery in rural areas and delayed winter on HUL's revenue. He expects volume to remain under pressure unless these factors change. Pardeshi also anticipates lower price value led growth in the next two quarters, which may normalize in Q1 or Q4.

Kozhikode , Kerala , India , Lucknow , Uttar-pradesh , Shirish-pardeshi , Offering-college , Indian-school-of-business , Shirish-pardeshiof-centrum-broking , Leadership-excellence , Marketing-officer , Product-officer

Unilever India Profit Misses Expectations on Rising Competition

Unilever India Profit Misses Expectations on Rising Competition
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , Hindustan , India-general- , Sanjiv-mehta , Bloomberg-indian , Shirish-pardeshi , Unilever-plc , Centrum-broking-ltd , Bloomberg , Hindustan-unilever-ltd

HUL's growth checkout: Navigating the low-volume aisle in Q3 FY24

There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front.

With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits.

The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.

Hindustan , India-general- , India , Harman-dhillon , Kartik-chandrasekhar , Mihirp-shah , Arun-neelakantan , Shirish-pardeshi , Ministry-of-agriculture , Nomura-research , Hindustan-unilever , First-advance-estimates

ITC of India falls short of profit expectations amidst rising competition and costs

ITC has reported a below-expected rise in profits in its second quarter, as reported on Thursday, 19 October, 2023.

Hindustan , India-general- , India , Shirish-pardeshi , Nestle-india , Hindustan-unilever , Itc , Usiness-news , Industan-unilever , 77-05-billion-rupees , Mcg-giants

India's ITC misses profit estimates as competition, costs rise

India's ITC
reported a smaller-than-expected rise in its
second-quarter profit on Thursday, as the consumer goods major
grappled with stiff competition from smaller rivals and higher
prices of some...

Chennai , Tamil-nadu , India , Hindustan , India-general- , Bengaluru , Karnataka , Navamya-ganesh-acharya , Shirish-pardeshi , Shinjini-ganguli , Praveen-paramasivam , Reuters

ITC Q2 preview: Net profit likely to rise on robust cigarette, FMCG, hotels sales growth

The company's FMCG business is expected to report YoY growth of 12 percent, and the hotel segment 12.5 percent.

Prabhudas-lilladher , Shirish-pardeshi , Soham-samanta , Centrum-institutional-research , Centrum-institutional , Kotak-institutional , Marie-light , Sunfeast-glucose , Itc-preview , Tc-results , Tc-result-expectations ,

FMCG Q2 preview | Revenue growth to slow on patchy rains and food inflation

FMCG companies had largely reported double-digit revenue growth in the same quarter last fiscal due to the price hikes taken on back of raw material inflation.

India , Hindustan , India-general- , Shirish-pardeshi , Prabhudas-lilladher , Soham-samantha , Centrum-institutional-research , Nestle , Hindustan-unilever , Kotak-institutional-equities , Kotak-institutional , Asian-paints

KFC operator Devyani International profit slumps on expenses, weak currency

India's Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in...

Chennai , Tamil-nadu , India , Bengaluru , Karnataka , Nigeria , Ravi-kant-jaipuria , Westlife-foodworld , Sherry-jacob-phillips , Navamya-ganesh-acharya , Shirish-pardeshi , Praveen-paramasivam