FMCG Firm News

 FMCG firm Bajaj Corp today reported a 23.94 percent rise in standalone net profit at Rs 58.29 crore for the second quarter ended September 30.

FMCG firm ITC on Friday reported an increase of 5.67 percent in standalone net profit at Rs 2,495.20 crore for the fourth quarter ended March 31.

Nutrilite is a brand of vitamins and dietary supplements.

The company had reported net profit of Rs 185.27 crore in the corresponding quarter a year ago.

"We will enter anything and everything that can be classified as FMCG over a period of time," Deveshwar told shareholders at the company's AGM here.

"Dairy products are on the anvil," he said, during the company`s Annual General Meeting. 

The move by P&G, the world`s largest household products maker, is pending a board meeting scheduled for Tuesday, the WSJ said, citing a person familiar with the matter.

Cremica Food Industries is looking at ramping up its distribution network to 1,00,000 outlets in three years from 15,000 at present.

Cremica Food Industries is looking at ramping up its distribution network to 1,00,000 outlets in three years from 15,000 at present.

During the quarter, overall expenses were at Rs 153.75 crore compared with Rs 138.47 crore.

FMCG major P&G on Wednesday said Shantanu Khosla will cease to be Managing Director of its two group firms and also exit from their boards from June 30.

The company, which follows January-December financial year, had posted a net profit of Rs 281.66 crore during the October-December quarter of 2013-2014.

FMCG firm Dabur on Friday posted 16.42 percent increase in consolidated net profit at Rs 282.78 crore for the quarter ended December 31, 2014, even as subdued demand continued to impact the sector.

It had reported net profit of Rs 29.10 crore in the October-December quarter of 2013-14 fiscal, the company said in a BSE filing.

Net sales of the company rose to Rs 2,557.8 crore for the third quarter, up 8.92 per cent compared to Rs 2,348.31 crore in the corresponding period of previous year.

The decision to declare an interim dividend was taken in view of the strong financial performance announced recently by the company.

Marico said results are not comparable with corresponding quarter last year as its skincare business 'Kaya' was demerged in October 2013.