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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The packaged goods giants point to rising cost of production and sluggish urban demand as the reasons.
Consumer goods giants Hindustan Unilever Ltd (HUL) and Nestle India announced weak fourth quarter results for the 2024-25 financial year due to a rise in the cost of production as well as sluggish urban demand.
For HUL, the standalone net profit for the March-ended quarter came in at Rs 2,493 crore, up 3.6% from Rs 2,406 crore in the same quarter the year before. Its revenue from operations for the quarter rose 2.4% year-on-year to reach Rs 15,214 crore. However, it reported a 30 basis points dip in its EBITDA margin, at 23.1% in the quarter.
In the case of …
Colgate ties up with 100Days.co to scale Palmolive online. But the long overlooked brand may need more than a digital push.
Investors expect the FMCG major to get back on the growth track in the quarters ahead, but protecting margins at the same time could be tough.
The FMCG major acquired the maker of Ching’s Secret to make the most of its high margins, but things didn’t go to plan. Two years and a few lessons later, TCPL is trying to change that.
