Rakshit Hargave would be joining Britannia w.e.f December 15, 2025. He is joining from Birla Opus – one of the most touted and disruptive initiative of Birla group in the paint sector With a career spanning more than 3 decades, Rakshit has a varied and extensive experience previously with Nestle, Unilever, Dominos, Lakme and Beiersdorf … Read more
The government’s decision to cut taxes on packaged food and personal care products disrupted Hindustan Unilever Ltd’s inventory pipeline and depressed its sales growth in the September quarter. The consumer goods giant, however, expects the drop in prices following the tax cuts and a good monsoon to boost consumer sentiment and boost sales in the … Read more
In it’s Annual Report for FY 2025, the Chairman Harsh Mariwala has said that the Company aims Rs 20,000 cr of revenues by FY 2030. In FY 2025, Marico reported revenues of Rs 10,831 cr. Rs 20,000 cr in next 5 years therefore imply a CAGR of 13%. Compared with this, the Company in the … Read more
Related to the group’s restructuring (ending family feud) in March, is the acquisition of Vadilal Brand from a promoter entity for Rs 1,000 cr. (The ‘Vadilal’ brand is a strategic element of the group’s restructuring plan that was arrived at after the fourth generation of the promoter family reached a truce in March. Three promoter … Read more
In a surprise announcement, DMart has informed that Neville will not be offering his candidature for renewal as Managing Director and CEO at the conclusion of his current term in January 2026 – a year from now. This would be surprise to most as Neville has been a key driving force behind DMart’s success. In … Read more
The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed with sugar) will be taxed at 18%. Importantly, there is no change in the existing tax rates. The Council has … Read more