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Focusing on competitive volume growth in India, expects price cut, says Unilever

For 2023, Unilever reported a turnover of 59.6 billion euros. The company s underlying sales growth in the full year stood at 7 per cent with a volume increase of 0.2 per cent and 6.8 per cent from price point. While for the December quarter, Unilever s turnover was at 14.2 billion euros, up 4.7 per cent. Its Asia Pacific Africa Zone, which consists of large markets such as India and China, contributed 44 per cent of the group turnover in 2023. It posted an underlying sales growth of 6.5 per cent with price growth of 5.3 per cent and volume growth of 1.1 per cent. ....

New Delhi , Asia Pacific Africa , Hein Schumacher , Asia Pacific Africa Zone , Competitive Volume Growth , Commodity Prices , Middle East ,

Nitin Paranjpe to leave Unilever by middle of 2024

"I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever for the foreseeable future. And I am very grateful that he will use all his expertise and experience in that key role," Unilever chief executive officer Hein Schumacher said. ....

India General , Hein Schumacher , Nitin Paranjpe , Hindustan Lever , Hindustan Unilever ,

Nestle misses Street estimates in December quarter

The maker of Maggi noodles and KitKat chocolates, which follows a calendar year, said one-time service cost of ₹107.3 crore impacted profits. ....

Business News , Breaking Newsbudget , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Nestle India , Net Profit , Sales Growth , Packaged Foods ,

What to expect from Nestle, Tata Consumer & Britannia earnings next week? Sudip Bandyopadhyay answers

Sudip Bandyopadhyay, Group Chairman of Inditrade Capital, advises caution in the oil and gas sector due to investments in energy transition and upcoming elections. He highlights the attractively valued oil marketing companies compared to other PSUs but warns of potential challenges in earnings and handling volatile oil prices. ....

Sudip Bandyopadhyay , Group Chairman , Inditrade Capital , Tata Consumer , Godrej Consumer ,