FMCG Sector

HUL CFO appointed as Unilever’s new senior VP-finance

HUL CFO appointed as Unilever’s new senior VP-financeFMCG giant Hindustan Unilever Limited (HUL) has announced the elevation of its Chief Financial Officer (CFO) Sridhar Ramamurthy to the post of Senior Vice-President (Finance) for global markets at its parent firm Unilever.

Mr. Ramamurthy will join London-based Unilever as senior vice-president (finance) for global markets on July 1, 2014.

The company said in a filing to the Bombay Stock Exchange (BSE), "He will be part of the global markets executive of Unilever and based in London."

Thorntons chocolates records strong demand in supermarkets

Thorntons chocolates records strong demand in supermarketsThorntons chocolates have recorded strong demand for its products in supermarkets as well as in high street stores in the country allowing the company to increase its profitability.

Increased sales in supermarkets and other high-street retailers helped the company record profits during the first half of the year. Thorntons has said that sales in stores including Debenhams and WH Smith were higher than its own stores for the first time during the period in the six months till January.

India, China lead Coca-Cola sales growth

Coca-ColaNew Delhi, Feb 18 : Coca-Cola said Tuesday its sales volume increased by one percent in the October-December 2013 period, led by 8 percent jump in India and 5 percent growth in China.

"Our Pacific Group's volume grew 4 percent in the quarter, representing a sequential improvement versus the third quarter year-to-date results. Growth was broad based with 8 percent growth in India, 5 percent growth in China and 3 percent growth in Japan," Coca-Cola said in a statement here.

For the year 2013, the company's volume increased by 2 percent.

Subway planning to hire staff for 1,300 new shops

SubwayWorld's largest sandwich chain,, Subway has said that it is planning to hire new staff members for its 1,300 new shops in the UK and Ireland.

The increase will take the total number of its stores in the UK and Ireland to 3,000 in the next six years. The company already employs 8,600 people and will significantly boost its work force in the country to meet the increasing demand for its offerings. The company has recorded higher demand especially after the launch of healthier sandwiches and drinks, including a new low-fat flatbread range.

McDonald's trying to sell 10 million pounds of Mighty Wings

McDonald's trying to sell 10 million pounds of Mighty WingsFast food giant, McDonald's is aiming to sell 10 million pounds of Mighty Wings that are in cold storage as there are no takers in the market.

The chain prepared to release the wings as a limited-time offer this summer and had ordered 50 million pounds that were to be distributed to stores throughout the country. The limited release has concluded and the store is left with 20 percent of their original order in storage and many are describing it as one of the biggest disasters for the company.

Work begins on PepsiCo's largest beverage plant in India

PepsiCoHyderabad, Dec 21 : Soft drink major PepsiCo's largest beverage plant in India is coming up in Andhra Pradesh at a cost of Rs. 1,230 crore, its single largest investment in India.

At a ceremony held here Saturday, Chief Minister N. Kiran Kumar Reddy laid the foundation stone for the facility being built at Sri City, the special economic zone in Chittoor district.

The plant is being set up on 80 acres of land. It will be completed in three phases by 2017 and will generate direct and indirect employment for 8,000 people.

It will produce a range of beverages, including fruit juice based drinks, carbonated soft drinks and sports drinks.

Infosys unveils retail platform for global brands

Infosys-TradeEdgeBangalore, Dec 9 : Indian IT bellwether Infosys Monday launched a new product platform that helps global brands in the FMCG (fast-moving consumer goods) segment drive profitable growth in the emerging markets.

"As one of our latest offering in the products, platforms and solutions space, the retail platform has been designed to help global brands accelerate profitable growth in the emerging markets," Infosys chief executive N. R. Narayana Murthy said at the product preview.

KPMG was restricted from examining Britannia corporate loan

KPMGIt has emerged that leading accountancy firm KPMG was banned from examining corporate loan book of Britannia Building Society during the due diligence process of the bank at the time of its takeover by Co-operative Bank.

KPMG partners have told the government that Co-op as the leading four accountancy firms to evaluate the part of the business ahead of the takeover in 2009 but the accountancy firm was barred from examining its business by Britannia. Partners at KPMG, the bank's auditor for 30 years, were speaking about the financial gap of £1.5 billion of Co-operative Bank.

And the world's most popular booze is Soju from South Korea

Soju-boozeLondon, December 3 : South Korean spirit Soju has been named the world's most popular booze by Drinks International 's annual list of best-selling global spirits.

Jinro Soju has sold 65 million nine-litre cases in 2013 which is three times more than Smirnoff, the Guardian reported.

Its profile was also raised by ' Gangnam Style' hitmaker Psy who said that the drink was his "best friend" and who has appeared for its various ad campaigns. (ANI)

Andhra Pradesh to host Cadbury's largest plant in Asia-Pacific

Andhra Pradesh to host Cadbury's largest plant in Asia-PacificHyderabad, Nov 27 : Cadbury is setting up its largest manufacturing plant in the Asia-Pacific in Andhra Pradesh.

The plant is coming up at Sri City in Chittoor district with the first phase expected to become operational by mid-2015 with an investment of Rs. 1,000 crore.

Sri City is a special economic zone.

Cadbury India Wednesday signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh. Chief Minister N. Kiran Kumar Reddy also laid a "symbolic" foundation stone for the project in Hyderabad.

Starbucks to open thousands of stores in India

Starbucks to open thousands of stores in IndiaIn a bid to take advantage of fast growing markets of India and China, coffee giant Starbucks has announced its plans to open thousands of new stores in the two countries.

Howard Schultz, chief executive officer of Starbucks, said that thousands of stores would be opened in India in the not-too-distant future, which would make India one of the company's two largest markets along with China, outside North America.

PepsiCo to invest $5.5 billion in India by 2020: Nooyi

PepsiCoNew Delhi, Nov 11 : Global beverage giant PepsiCo Monday said it will invest Rs. 33,000 crore ($5.5 billion) in India by 2020 to expand its manufacturing and distribution capacity in Asia's third largest economy.

“India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo,” PepsiCo Chairman and Chief Executive Officer Indra Nooyi told reporters here.

She said the investment will be made in expanding manufacturing capacity, agriculture, infrastructure and innovation.

Tata Coffee net up 56 percent in Q2

Tata Coffee net up 56 percent in Q2Bangalore, Nov 7 : Tata Coffee posted Rs. 43 crore net profit for the second quarter (July-September) of this fiscal (2013-14), registering 56 percent year-on-year (YoY) growth from Rs. 28 crore in the like period last year on standalone basis.

Sequentially, net profit increased 52 percent from Rs. 28 crore posted in the first quarter (April-June) of this fiscal.

Hindustan Unilever Reports 13 Percent Increase in Net Profit

Hindustan Unilever Reports 13 Percent Increase in Net ProfitFMCG major Hindustan Unilever has reported 13 percent increase in second quarter net profit at Rs 914 crore. The company registered five percent growth in volume and managed to deliver good results despite pressure on margins in FMCG sector.

HUL registered 6 percent growth in Soaps & Detergents segment. The sales of personal products were higher by 12 percent during the quarter. The company re-launched Fair & Lovely cream. The company markets variety of personal products under brand name of Dove, LifeBuoy, Breeze, Lux, Lakme and Ponds.

Colgate-Palmolive posts 25% fall in net profit

Colgate-Palmolive posts 25% fall in net profitThe Indian arm of New York-based Colgate-Palmolive on Friday posted a decline of 25 per cent in net profit for the three months ended September 30, despite a notable increase in sales.

The maker of toothpastes and shaving creams said that its profit slipped by a quarter year-on-year to Rs 109.52 crore in the July-September quarter, while sales climbed 16 per cent to Rs 895.7 crore.

The decline in net profit was mainly due to higher advertising and other expenses, while growth in revenue was driven by a 10 per cent growth in volume.

New Coca Cola bottling plant opened in UP

Coca-Cola-bottling-plantsChatta (Uttar Pradesh), Oct 24 : Coca Cola Company opened a new, state-of-the-art bottling facility at Chatta in Mathura district Thursday, commemorating 20 years of operations in India.

The greenfield plant is Coca-Cola's 58th manufacturing unit in India, set up by Brindavan Agro Industries (P) Ltd, the beverage company's franchise bottler in Uttar Pradesh.

Guy Wollaert, senior vice-president and chief technical officer, inaugurated the plant which will provide employment to over 225 people.

Costa Coffee records 20% rise in sales

Costa Coffee records 20% rise in salesThe Costa Coffee chain, which is on a rapid expansion plan, has recorded a 20 per cent rise in sales as the company looks to expand its market presence.

The chain is expanding from just High Streets and shopping centres into motorway service areas and garages to attract new segment of customers. The coffee chain, which is a part of the Whitbread leisure group, has opened a total of 86 new outlets during the previous six months in the UK. The new stores have taken the total to 1,664. teh company now has 800 more outlets than its closest rival.

Diageo records lower than expected sales

DiageoWorld's largest drinks company, Diageo has recorded a lower than expected sales during the quarter as the strong performance was not able to offset the slowdown in emerging markets.

Diageo, which owns brands including Guinness and Smirnoff, has said that its organic sales recorded an increase of about 3 per cent during the quarter till September. The rate of growth was lower than 4 per cent expected by analysts for the company. Experts have said that the first quarter of the company has accounted for just 20 per cent of sales.

McDonald’s to launch McCafe in India

McDonald’s to launch McCafe in IndiaWidely-popular fast-food chain McDonald on Wednesday announced its decision to launch its international coffee format McCafe in India.

McDonald's Indian arm, WestLife Development Ltd. (WDL), will first launch McCafe in western and southern parts of India, followed by an expansion of the new coffee format in the remaining parts of the country by Connaught Plaza Restaurants Ltd.

Amit Jatia, vice-chairman of WDL, said it was the right time to launch the new coffee format as the acceptance for the beverage is growing.

Upcoming soft drink product Cafe Cuba to primarily target the youth

Upcoming soft drink product Cafe Cuba to primarily target the youthAnnouncing plans to re-enter into cola market early next year with the launch `Cafe Cuba,' Parle Agro Chairman & Managing Director Prakash Chauhan said that the new brand would be able to garner a market share of 7 per cent within the first year of its launch.

Chauhan claimed that they had created a completely new category in the field of carbonated soft drinks, and that it took them a decade to develop the differentiated product. Parle Agro has plans to roll out Cafe Cuba by January or February next year.

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