Gillette India Limited witnessed a five percent slump in its net profit to Rs 62 crore ($8.8 million) for the first quarter ended September 2019 as against Rs 65 crore it had reported in the year-ago period.
The Competition Commission of India plans to create advisory guidelines for e-commerce businesses operating in India to encourage transparency and decide when deep discounting practices are appropriate.
Procter & Gamble Hygiene and Health Care reported a five percent decline in profit at Rs 137 crore ($19.4 million) for the first quarter ended September 30 as against a profit of Rs 144 crore in the year-ago period.
Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co, Unilever Plc and The Body Shop are rolling out more products in refillable form.
P&G’s unlisted India arm Procter & Gamble Home Products reported a 14% year-on-year sales increase and 59% profit increase in the 2019 financial year as the business focused on rural expansion and product launches.
German consumer goods firm Beiersdorf reported a fall in sales of adhesives to the auto industry in the third quarter but new products boosted its skin care business which held up better than expected.