News reports earlier in the day claimed that cancer-causing carcinogenic materials were present in the FMCG major s honey. All our honey are manufactured in US FDA-certified facilities. And we can say with certainty that this is the purest honey Dabur makes in India, a company official claimed after it reported Q1 numbers.
Other than the typical market behaviour of buy the rumour, sell the news , the single biggest stress point for investors has been the fact that ITC has chosen not to go for a clean demerger which restricts value unlocking for shareholders.
As Sanjiv Mehta hands over the baton to Jawa, the latter, credited with transforming Unilever China and Unilever Philippines, has a tough task cut out for him. One of the main challenges before Jawa is the disruption from the startup world
ITC’s FMCG business: ITC‚ principally known for its tobacco business for most part of its corporate life‚ has quietly turned into an FMCG major that has seen sustained growth in its foods segment with other categories also kicking in