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New CEO at Godrej Consumer Products drives a sharp rerating for the stock

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Unilever plans $3.6 billion buyback as China and home cooks boost growth

Unilever announced a 3 billion euro ($3.6 billion) share buyback and said it was confident of hitting sales targets this year, after demand from home cooks and China helped it to beat first-quarter sales expectations.
Shares in the maker of Dove soap and Ben and Jerry s ice cream climbed as much as 4% on Thursday, after it joined rivals such as Nestle and Procter & Gamble in reporting strong sales of food and cleaning products respectively in the pandemic.
Underlying sales jumped 5.7% in the three months to the end of March, topping analysts average forecast of 3.9%, according to a company supplied consensus.
These are encouraging numbers, said Steve Clayton, portfolio manager of Hargreaves Lansdown s Select UK Shares funds. Unilever gains much of its strength through the group s diversity. ....

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Nestle apologises for wrong depiction of Keibul Lamjao Park on packaging

FMCG major Nestle India on Friday apologised for wrongly depicting Manipur s Keibul Lamjao National Park location in Meghalaya on the packaging of its KitKat chocolate after objection by authorities from the state government.
The packaging of the particular batch of the KitKat travel break chocolate had also displayed a picture of a Red Panda, a species which is not found at the Keibul Lamjao National Park.
While we stay at home, the KitKat travel break packs were aimed at bringing a smile in these tough times by celebrating beautiful locations. We got it wrong with the location of one of the packs celebrating wild life and we sincerely apologise for this unintentional error, a spokesperson of Nestle India said. ....

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Coffee lovers and home bakers drive strongest Nestle quarter in a decade

Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world s biggest food group outshone Danone and set a high bar for Unilever.
The Swiss group has weathered the COVID-19 pandemic well so far, as consumers have bought more packaged foods and tried to brighten up lockdowns with Starbucks at-home coffee or making treats with Carnation evaporated milk.
Nestle s ecommerce business also fared well in the first quarter, with sales up 40%, and its health science business benefitted as people bought more vitamins and supplements. Demand for fortified milks boosted dairy too. ....

United States , Bruno Monteyne , Mark Potter , Kim Coghill , Jon Cox , Silke Koltrowitz , Kepler Cheuvreux , North American , One Rock Capital Partners , Fast Moving Consumer Goods , Fmcg Latest News , Fmcg Latest Updates , ஒன்றுபட்டது மாநிலங்களில் , குறி பாடர் , கிம் கோகில் , ஜான் காக்ஸ் , வடக்கு அமெரிக்கன் , ஒன்று பாறை மூலதனம் கூட்டாளர்கள் ,

FMCG firms assure uninterrupted supply amid Covid-19 restrictions

FMCG firms such as ITC, Parle Products, Marico, Emami and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the previous year s lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also impose various restrictions.
Maharashtra on Tuesday announced a statewide curfew from Wednesday, entailing stricter curbs on public activities, to curb spread of coronavirus but stopped short of announcing a full-scale lockdown.
There is a lot of learning that has gone in from last year.this time things are far better managed. Companies have learnt how to deal with it. ....

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