Britannia to take calibrated price hikes to manage profitability, says MD

Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability.   The Wadia group firm has “continued to take price increases judiciously and remained aggressive on the cost front,” said Britannia … Read more

Colgate hires New MD CEO from HUL

Colgate Palmolive India (CPI) has informed the following top management changes – The current CEO and MD, Mr. Ram Raghavan has been promoted as President, Enterprise Oral Care, for Colgate Palmolive Company, the parent Company of CPI and will be based out of its headquarter at New York. In place of Ram, CPI has hired … Read more

Emami acquires 19% stake into a nutrition products start-up

Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more

Glaxo rejects $68 billion Unilever bid for consumer business

GlaxoSmithKline Plc said it rejected an offer from Unilever Plc for the drugmaker’s consumer healthcare unit last year that valued the business at about 50 billion pounds ($68 billion). Glaxo in a statement Saturday said that it had received three unsolicited offers from Unilever for its consumer healthcare business, the final one on Dec. 20 … Read more

Colgate India: Global brands like Unilever, Colgate in India have mutiny at hand

From Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighborhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals … Read more

Indian businesses emerging stronger from pandemic: Unilever

Global chief executive Alan Jope said the Indian business is emerging stronger from the pandemic but mobility and consumer sentiments remain below pre-pandemic levels. “We are emerging stronger from the pandemic with over 75% of the business winning market share and household penetration continuing to grow well. Mobility and consumer sentiments still remain below 2019 … Read more

India’s consumption market likely to triple by 2030, says BCG report

A new report by Boston Consulting Group (BCG) says India’s consumption market is back on the growth track after a year, having been disrupted by the pandemic. While growth projection for the consumption market was made before Covid-19 struck, BCG says that the economy has completely unlocked and there has been an uptick in demand … Read more