The chairman of consumer goods giant Unilever said on Wednesday he is stepping down after three years in the role. He will hand over the reins to Nils Andersen, but will remain on the board as a non-executive director.
FMCG major Emami Ltd witnessed a 16 percent surge in its net profit to Rs 96 crore ($13.5 million) for the second ended September 30 as against Rs 82 crore it had reported in the same quarter last fiscal.
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.
After close to double-digit growth in the first quarter of the 2020 financial year, fast-moving consumer goods retailer Dabur is seeing a slowdown in demand and expects more modest growth in the second quarter.