Companies operating in India's Consumer Goods sector reported substantial growth in the quarter that ended December 31st, fueled by the stabilization of GST reforms and a strong Diwali holiday shopping season. Major Indian players such as Dabur, Marico, and Godrej Consumer Products (GCPL) report that the previous disruptions caused by...
Colgate-Palmolive (India) Beats Q3 Profit Earning Estimates
Colgate-Palmolive's India operations reported quarterly profit above market estimates benefiting from price increases it had implemented to counter the surge in raw material costs. The company is publicly traded on India's stock exchanges The price increases drove profit at Colgate-Palmolive to $33.51 million. Sales increased nearly 3% to 13.78 billion...
Consumer Product Companies in India Report Strong Growth
During an investor conference call at Proctor & Gamble, Global Chief Executive Officer David Taylor said that the company posted robust growth numbers for the year ended June 30, 2018, of which two markets — India and Turkey — reported double-digit growth. Taylor added that sales were growing for all categories...
Mondelez, Colgate Upbeat about India in 2018
Reporting significant sales growth in the latest quarter, global companies such as Mondelez, Colgate - Palmolive and Unilever are upbeat about opportunities in India and said the country remains a bright spot. Several companies posted a double digit year-on-year volume growth for the December quarter. "India is very strong, we had...
Ashland opens specialties technical center in Mumbai
Global specialty chemical company Ashland has set up a technical research and development center Mumbai to support producers of personal and home care products in India and southeast Asia. The facility will focus on bringing new personal and home care innovations to market and providing technical support that may be...
Oral care market sees segmentation and new products
Colgate Palmolive India's Sensitive Pro-Relief Toothpaste was the latest launch in a series of actions over the last couple of years in India's Fast Moving Consumer Goods (FMCG) market, particularly in the fast growing personal care segment. While the company leads the market in oral care in India, Koushik Gupta,...