Gujarat’s largest milk producer Gujarat Cooperative Milk Marketing Federation (GCMMF), selling its dairy products under the brand name ‘Amul’, has decided to increase the milk prices between Re 1 and 2 per litre.
The increase comes a few days after Agriculture Minister Sharad Pawar predicted rise in milk prices. “We have decided to increase milk prices of our brands ‘Taaza’ and ‘Slim and Trim’ by Re 1 a litre, while the prices of our brands like ‘Gold’ and ‘Shakti’ shall be increased by Rs 2 a litre with effect from February 1 in Gujarat only,” GCMMF Chief General Manager R S Sodhi said.
GCMMF has cited rise in input cost of raw material like cattle feed as a major reason behind the increase this year. “Due to increase in the input cost, we have to pay more to milk producers. Hence, the prices rise,” Sodhi said.
Saturday, January 30, 2010
Monday, January 25, 2010
Pantaloon registers 51.07% rise in net
The revenue for the third quarter increased by 25.37% to touch Rs1912.84 crore as compared to Rs1525.68 crore in the corresponding quarter of the last year
New Delhi: Inline with market expectations, India’s largest listed retailer Pantaloons Retail India Ltd registered a consolidated net profit increase of 51.07% for the quarter-ending December 31, 2009 to touch Rs 50.67 crore as compared to Rs33.54 crore in the corresponding quarter last financial year.
The revenue for the third quarter increased by 25.37% to touch Rs 1912.84 crore as compared to Rs1525.68 crore in the corresponding quarter of the last year.
During the quarter the company had received shareholder approval for transferring its Value Retail Business through slump sale to its wholly owned subsidiary, ”Future Value Retail Limited” (FVRL) with effect from January 01, 2010.
“The performance of the company has been inline with our expectations. There is also a 33 basis points improvement in operating margins quarter-on-quarter which shows that the company has maintained its costs and its cost cutting measures are showing results,” says Viraj Nadkarni, analyst with Angel Broking Ltd.
The company’s stock on the Benchmark Sensex closed at Rs409.05, 1.85% lower than its previous close on Friday at Rs416.75
Tuesday, January 19, 2010
Tata Tea ups stake in Everest to 50%
Aimed at consolidating similar businesses under a single roof, Tata Tea, which had gradually increased its stake in Mount Everest Mineral Water over 10 months, has now acquired management control, with a 50.24 per cent stake.
Insiders say Tata Tea is now likely to merge the mineral water company with itself.
Tata Tea’s consolidation drive, say analysts, will create one holding company with various divisions such as tea, coffee, water, juices and energy drinks. The likely merger would pave the way for a uniform corporate brand, with sub-brands for each division.
Tata Tea acquired 26 per cent stake in Mount Everest in 2007 for Rs 115 crore. It later made an open offer for up to 20 per cent of equity at a price of Rs 140 a share. When it did so, the market capitalisation was Rs 476 crore (at Rs 140 a share). This has fallen to Rs 210 crore, given the latest transaction price of Rs 61.7 a share, due to the global economic downturn and related market decline.
Analysts believe this is the right time for Tata Tea to increase its stake in Mount Everest, as the share continues to trade below its expected value. The stock of Mount Everest closed at Rs 69.85 on January 18, marginally up from the previous day’s close of Rs 69.70. Tata Tea’s stock was down 0.65 per cent, having closed at Rs 1,030.50 from the previous day’s close of Rs 1,037.20.
The beverage company has enough cash on its books, especially after its 30 per cent stake sale in Energy Brands Inc (known as Glaceau), to Coca-Cola, for Rs 4,900 crore, in 2007.
Company officials declined comment on the merger of Mount Everest with the company. Sources in the know insist it will happen. They say it will be in keeping with the Tata Group policy of integrating smaller businesses with their respective flagship companies, to leverage the value of these entities and increase overall cost efficiency.
Cases in point are the proposed mergers of Tata Coffee and Mount Everest with Tata Tea; Rallis with Tata Chemicals; Tata Teleservices (Maharashtra) with Tata Teleservices; and Tata Sponge Iron with Tata Steel. This will be the second such exercise after Ratan Tata took over chairmanship of the Group in 1991.
There’s another reason, say analysts. Tata Tea’s tea portfolio has come down from 90 per cent in 2004-05 to 70-75 per cent. The idea, say insiders, is for Tata Tea to emerge as a beverage giant that straddles different segments.
The company has expanded its footprint globally, too, by acquiring some key businesses such as Tetley (in the UK) in 2000, Good Earth (in the US) in 2005, Jemca (in the Czech Republic) and Joekels Tea Packers (in South Africa) in 2006. It also acquired trademarks Vitax and Flosana (in Poland) in 2007. Subsidiary Tata Coffee acquired Eight O’ Clock Coffee (in the US) in 2006, even as the parent sold its stake in Energy Brands Inc to Coca-Cola the following year, booking a profit of Rs 2,100 crore.
There are more acquisitions in emerging markets on the cards. Last year, the company snapped up a branding, packing and distribution company in Russia, called Grand. The merger, when it happens, will further the drive.
Insiders say Tata Tea is now likely to merge the mineral water company with itself.
Tata Tea’s consolidation drive, say analysts, will create one holding company with various divisions such as tea, coffee, water, juices and energy drinks. The likely merger would pave the way for a uniform corporate brand, with sub-brands for each division.
Tata Tea acquired 26 per cent stake in Mount Everest in 2007 for Rs 115 crore. It later made an open offer for up to 20 per cent of equity at a price of Rs 140 a share. When it did so, the market capitalisation was Rs 476 crore (at Rs 140 a share). This has fallen to Rs 210 crore, given the latest transaction price of Rs 61.7 a share, due to the global economic downturn and related market decline.
Analysts believe this is the right time for Tata Tea to increase its stake in Mount Everest, as the share continues to trade below its expected value. The stock of Mount Everest closed at Rs 69.85 on January 18, marginally up from the previous day’s close of Rs 69.70. Tata Tea’s stock was down 0.65 per cent, having closed at Rs 1,030.50 from the previous day’s close of Rs 1,037.20.
The beverage company has enough cash on its books, especially after its 30 per cent stake sale in Energy Brands Inc (known as Glaceau), to Coca-Cola, for Rs 4,900 crore, in 2007.
Company officials declined comment on the merger of Mount Everest with the company. Sources in the know insist it will happen. They say it will be in keeping with the Tata Group policy of integrating smaller businesses with their respective flagship companies, to leverage the value of these entities and increase overall cost efficiency.
Cases in point are the proposed mergers of Tata Coffee and Mount Everest with Tata Tea; Rallis with Tata Chemicals; Tata Teleservices (Maharashtra) with Tata Teleservices; and Tata Sponge Iron with Tata Steel. This will be the second such exercise after Ratan Tata took over chairmanship of the Group in 1991.
There’s another reason, say analysts. Tata Tea’s tea portfolio has come down from 90 per cent in 2004-05 to 70-75 per cent. The idea, say insiders, is for Tata Tea to emerge as a beverage giant that straddles different segments.
The company has expanded its footprint globally, too, by acquiring some key businesses such as Tetley (in the UK) in 2000, Good Earth (in the US) in 2005, Jemca (in the Czech Republic) and Joekels Tea Packers (in South Africa) in 2006. It also acquired trademarks Vitax and Flosana (in Poland) in 2007. Subsidiary Tata Coffee acquired Eight O’ Clock Coffee (in the US) in 2006, even as the parent sold its stake in Energy Brands Inc to Coca-Cola the following year, booking a profit of Rs 2,100 crore.
There are more acquisitions in emerging markets on the cards. Last year, the company snapped up a branding, packing and distribution company in Russia, called Grand. The merger, when it happens, will further the drive.
Friday, January 8, 2010
PARACHUTE'S SOLUTION FOR WINTER
About Parachute Advansed Revitalizing Hot Oil
Winter gives you a lot to cheer about but it also takes a lot out of your hair. The extreme weather at this time of the year leaves your hair rough and dry, making it look dull and lifeless. This means you need to give your hair a little bit extra care in winter. The best way to do so is giving it a hot oil massage which penetrates deep into your scalp. But the heating you oil everyday can become a bit tedious.
The Product
Presenting the all new Parachute Advansed Revitalizing Oil. It is a coconut oil enriched in Thyme, Patchouli, Rosemary and special warming oil which keeps it hot from within. It penetrates deep into your scalp and nourishes your hair from root to tip, giving it extra care during winter.
Parachute Advansed Revitalizing Hot Oil is available in 170ml pack. Now get hot-looking hair even in winter and stay Gorgeous Hamesha!
Dabur Launches Hajmola Kachcha Aam
Third new Hajmola variant in three years
Plans sampling at street food outlets across India
Dabur India Limited, India’s leading natural healthcare company, today announced the extension of its popular Hajmola digestive range with the launch of a new variant - Hajmola Kachcha Aam. The launch is a strategic move to push faster growth of Dabur Hajmola and create excitement around the brand.
In addition, Dabur will undertake a host of consumer-connect initiatives – by way of tie-ups with street food outlets across India – to increase frequency of consumption by promoting post-meal consumption.
“Hajmola has established itself as a ‘tasty & fun digestive’ for post meal consumption. Hajmola’s huge success can be gauged by the fact that over 2.5 crore Hajmola tablets are consumed in India daily. Over the years, we have introduced many flavours to offer consumers greater variety. The launch of Hajmola Kachcha Aam is another step forward in this direction. Kachcha Aam is extensively used in Indian cuisine to enhance taste and is also popular for its digestive properties (pickles). So, it was a logical new flavour for the Hajmola digestive range,” said Dabur India Ltd Executive Vice President-Marketing (Healthcare) Mr. K K Rajesh.
The new Hajmola Kachcha Aam variant comes on the heels of the huge success of Hajmola’s regular, Imli, Nimbu & Pudina flavours. Hajmola Pudina, launched last year, has met with encouraging response in the market and is already an over Rs 8 crore brand. Hajmola Kachcha Aam will offer the digestive and nutritional values of raw mango in an easy-to-use form to consumers. Hajmola Kachcha Aam will be available in a Re 1 sachet of 6 tablets.
Dabur had recently rolled out a new campaign with the tagline ‘Hajmola Kare Khana Complete’. A new communication campaign for the Kachcha Aam variant will also start soon with the new TVC releasing across leading TV channels next month, followed by on-ground activation programmes.
“As part of our new consumer-connect initiative, Hajmola is joining hands with the scores of popular street food outlets across the country, giving them a new look-and-feel. Customers at these outlets will be served Hajmola to promote its post-meal connect and further establish Hajmola as a hygienic, tasty and easy-to-consume post-meal digestive,” Mr. Rajesh added. Dabur plans to cover over 1000 street food outlets across the country with this initiative. A similar exercise is also being initiated with a host of branded food retail outlets and food courts in the National Capital Region.
About Hajmola
Hajmola, a tasty, fun-filled digestive, is available in interesting formats like tablets and candies. A tasty mix of traditional Indian culinary herbs, spices and edible salts, Hajmola enjoys an over 60% share of the branded digestive tablets market in India.
About Dabur India
Dabur India Limited is one of the leading FMCG companies in India with a turnover of over Rs. 2800 crores. Building on a legacy of quality and experience for over 120 years, Dabur is today India’s most trusted name and the world’s largest Ayurvedic and Natural Health Care Company. Dabur India’s FMCG portfolio includes five flagship brands with distinct brand identities -- Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for digestives, Réal for fruit-based drinks and Fem for fairness bleaches.
Sunday, January 3, 2010
THE TOP GAINERS AND LOOSERS OF THE YEAR 2009.
Last year, 2009 was very crucial for the FMCG companies of India. Some of the companies has gained doubled than their expectations but at the same time there was some big players also present which were grown less than their expectations. GCPL emerges as a biggest company in terms of profit and HUL the head of Indian FMCG has faced a profit less than it’s expectation. There are also some companies are available which has done an average profit.
TOP GAINERS OF THE YEAR 2009:-
GCPL (30.7% gain in EBITDA), Dabur (22.2% gain in EBITDA), GSK (22.1% gain in EBITDA).
TOP LOOSERS OF THE YEAR 2009 :-
HUL (18.5% gain in EBITDA), ITC (16.4%gain in EBITDA), Marico (16.3%gain in EBITDA).
COMPANIES HAVING AVERAGE PROFIT :-
Colgate(19.5gain in EBITDA), Nestle (19.4% gain in EBITDA)
TOP GAINERS OF THE YEAR 2009:-
GCPL (30.7% gain in EBITDA), Dabur (22.2% gain in EBITDA), GSK (22.1% gain in EBITDA).
TOP LOOSERS OF THE YEAR 2009 :-
HUL (18.5% gain in EBITDA), ITC (16.4%gain in EBITDA), Marico (16.3%gain in EBITDA).
COMPANIES HAVING AVERAGE PROFIT :-
Colgate(19.5gain in EBITDA), Nestle (19.4% gain in EBITDA)
Subscribe to:
Posts (Atom)