Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
After posting zero domestic consumer sales growth (year-on-year) in the December 2016 quarter due to the impact of demonetisation, Hindustan Unilever has been recording an uptick in every quarter since then.
Domestic consumer sales inched up by 8, 5 and 10 per cent in the March , June and September 2017 quarters, respectively. In the December quarter, the company clocked a 17 per cent gain in domestic consumer sales.
This growth has been backed by a strong 11 per cent rise in volumes, which had the advantage of a low base (4 per cent fall in volumes) in the December 2016 quarter.
Margins expandGrowth in the latest quarter has been broad-based, with all major segments – home care, personal care, refreshment and foods showing double-digit gains.
During the quarter, the company witnessed cost pressures from rise in prices of various inputs. Raw material cost as a percentage of sales came in at 47.5 per cent against 44.3 per cent recorded a year ago.
The company also stepped up its advertising spends. At 13.3 per cent of sales in the latest quarter, advertising and promotion expenses increased by 240 basis points over the December 2016 quarter.
Yet, cost control efforts helped in margin expansion. It came in at 19.5 per cent, about a percentage point higher than a year ago.
However , after accounting for exceptional items such as restructuring expenses and profit on sale of surplus properties in both the quarters, profit growth came in at a lower 9.6 per cent.
In the quarters to come, the company will gain from stepping up its naturals/ayurvedic portfolio.With the company deriving almost half its revenues from the rural areas, expected budget measures to boost rural India will lift volumes further.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
On the day the oleander baby was born, there was a steady, happy drizzle. Madhu woke up feeling unsteady. The ...
Mr Pandya rose from his recently inherited Japanese swivel chair and walked to observe his recently inherited ...
Marie leaned back in the chair, holding the brandy to her chest, the rain tapping on the windowpanes. She ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor