Procter & Gamble Co raised its sales forecast for the year on Wednesday after quarterly results topped Wall Street expectations, boosted by price hikes and strong demand for premium fabric and skin care products.
Major consumer companies including Unilever and Procter & Gamble are chasing consumers who want goods delivered automatically, pitching new online subscription services, even though these have not always worked.
Quarterly sales growth at the big consumer goods makers was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for these giants to raise prices in a competitive retail environment.
Gillette India net profit rose by 7 percent to Rs 59 crore (approx $ 9.2 million) for the second quarter on the back of strong sales in the grooming segment and expansion of its store and product portfolio.
The Netherlands will review 4,000 corporate tax deals agreed between the government and companies between 2012 and 2016 to determine if they were properly issued, the Finance Ministry said on Wednesday.