Diabytes
FMCG major News
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ITC has said tobacco regulation should not be discriminatory to the cigarette industry, while asserting that the FMCG major has no plans to exit the segment despite its ongoing diversification.
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FMCG major Hindustan Unilever (HUL) today reported an increase of 7.02 per cent in standalone net profit at Rs 1,089.59 crore for the fourth quarter ended March 31, 2016.
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FMCG major ITC today said it will soon resume manufacturing of cigarettes at its factories, which it had suspended from April 1 over the large pictorial warning issue
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FMCG major HUL on Friday reported 22.42 percent dip in standalone net profit at Rs 971.40 crore for the third quarter, marking second successive quarterly decline in the current fiscal, hit by phasing out of excise duty incentives and falling prices.
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The company had posted net profit of Rs 988.16 crore in the July-September quarter of the 2014-15 fiscal.
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FMCG major Britannia Industries has said it is aiming to be a total foods company, which formed the long-term strategy of the primarily biscuit manufacturing firm.
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