FMCG Sector

Unilever Group All Set To Cut Costs At Global Level

Unilever Group All Set To Cut Costs At Global LevelIn a bid to combat the problem of the current global economic crises, the fast moving consumer goods major, Unilever Group has decided to step up its cost cutting drive at the global level where it will concentrate more on protecting the cash flows.

Speaking with the media persons here on Friday, Paul Polman, Unilever’s CEO said that the company has appointed a Global Procurement Officer to handle this task. A common global procurement platform has also been drawn to meet the requirements of the FMCG major across the globe.

Dabur India posted 16% rise in net for Q3

Dabur India LtdDecline in input cost prices and strong performance by hair and skin care category helped Dabur India Ltd to show good results in the third quarter of current financial year. The firm posted a rise of 16.1% in net profit for Q3 ended December 31, 2008 despite low customer spending and tight financial conditions.

Sunil Duggal, Chief Executive, Dabur India said, "Even in the current economic scenario, demand for our everyday use products continue to be strong and we have not seen any significant impact on consumer spending." He hoped that the firm would continue to expand its business in next financial year despite global slowdown.

Hindustan Unilever profit rises 34%

Hindustan Unilever profit rises 34% Hindustan Unilever (HUL) witnessed 34 percent rise in its net profit. The FMCG major made profit of Rs 546.61 crore for the quarter ended September 30. Its profit was Rs 408.06 crore during the corresponding quarter of last year. The company managed to increase its net sales by 20 percent as compared to the same quarter of last year. Net sales stood at Rs 4,027.87 despite global financial crisis and volatility problems in the finance system. 

Cadbury launches dark chocolates in India

Cadbury launches dark chocolates in IndiaCadbury India, has announced the launch of its dark chocolates--Cadbury Bournville Fine Dark Chocolate--in the Indian market. 

The dark chocolate, which is loved by millions of consumers because of its rich taste and intrinsic health and well-being benefits, would be available in four different variants--Rich Cocoa (80g), Almond, Hazelnut and Raisin & Nut (90g). 

The chocolates will be priced at Rs 75. 

Nestle India to pump Rs 600 crore on expansion

Nestle India to pump Rs 600 crore on expansionSwiss FMCG firm Nestle has announced its plans to invest Rs 600 crore in its Indian subsidiary in calendar year 2009, as part of its business strategy.

The company which has granted an investment of Rs 300 crore in the Indian market this year, would be doubling the investment in 2009, on the back of strong growth it witnessed in India during 2007.

According to the company, the investment would go in new research and development, advertising and capacity expansion at its factories.

Emami Eyes Overseas Acquisitions

With the intention to take the company’s growth to a new level, besides tapping the fast growing Indian FMCG market, Emami, beauty and health products maker, is looking at overseas acquisitions in the recent year.

While addressing the company's annual general meeting (AGM) at Kolkata, Emami Ltd Chairman R S Agarwal said, “We are actively considering brand acquisitions abroad for which a blueprint has already been prepared.”

Mr. Agarwal said that during the first quarter of the existing year, Emami had purchased 27.5% equity stake in Zandu Pharmaceuticals as part of its major strategic investment with an aim to be part of management control together with the subsisting promoters.