In the first week of October 2022, the Market Capitalization of Mumbai- headquartered Hindustan Unilever (HUL) reached 67% of its parent company Unilever based in London, UK. HUL’s m-cap touched $77 billion as compared to Unilever’s $115 billion, a report in Economic Times said. Unilever’s market capitalization has deteriorated in...
Unilever India Renames Skin Whitening Product
The Indian arm of the consumer goods group Unilever says it will change the name of its skin-lightening cosmetics range Fair & Lovely and stop using terms such as “whitening” in its marketing, but will continue selling the popular product which makes $500 million for the company each year. The new name...
India to Become Unilever's Largest Global Market
U.K.-headquartered Anglo-Dutch company Unilever is bullish on India's conusmer market. Sanjiv Mehta, chairman and managing director, Hindustan Unilever Ltd., said, "For Unilever, India is currently the largest market in volume terms and the second largest in value terms, and in the very near future we clearly see a day when...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...
In India, Cellular Companies Gain Over Grocers
Affordable smartphones in India, and the growing consumption of mobile data is decreasing the growth prospects of consumer goods companies, reports the Wall Street Journal. Consumer product companies are now changing their marketing strategies to deal with this new phenomenon. Small-time grocers now "recharge" prepaid mobile phone plans for any...
Coca Cola, PepsiCo Introduce Low Calorie Portions in India
With Indian consumers becoming more health conscious, food manufacturers are offering portion control to keep calorie counts low. PepsiCo India has launched 150ml cans - the smallest in the domestic market. Coca-Cola offers 180ml cans across its beverages portfolio in addition to its 300ml cans."For consumers, it means the flexibility...