Colgate admits to competition from Baba Ramdev's Patanjali products
Monday, July 24, 2017 IST
Colgate admits to competition from Baba Ramdev's Patanjali products
New Delhi: FMCG major Colgate-Palmolive has recognized rivalry from Baba Ramdev's Patanjali items.
According to a report in the Economic Times, Colgate Palmolive's worldwide CEO Ian Cook, while conversing with financial specialists amid an earnings conference call, underlined upon the need to react to “changing consumer preferences in India” vis-a-vis Patanjali products.
"Patanjali in India takes an extremely patriot perspective of its business," Cook told speculators.
"These are ideas in the neighborhood advertise. They have a tendency to be premium value arranged and it implies that you need to react with a particularly developed offering that assaults the advantage the buyer is searching for. Thus the characteristic — the normal response," he included.
Colgate-Palmolive India revealed a minimal decrease in net benefit at Rs 142.58 crore for the final quarter finished March 31, 2017.
The organization had posted a net benefit of Rs 143.27 crore amid a similar period a year ago, Colgate-Palmolive said in a BSE documenting.
Net offers of the organization rose 2.57 percent to Rs 1,171.77 crore amid the quarter under survey as against Rs 1,142.36 crore in the January-March quarter of last financial.
Related Topics
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 10K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
Aadhaar linkage needed for it to work; States given one more year to use point of sale machines in ration shops, says Food Minister Ram Vilas Paswan
Recently posted. 805 views . 1 min read
NEW DELHI: The tourism ministry is consulting the road transport & highways ministry and therefore the law ministry, among others, on choices for the welcom...
Recently posted. 855 views . 16 min read
Naturally, the launch led to alien and UFO sighting rumours.
Recently posted. 879 views . 0 min read
Recently posted . 355 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 3K views . 19 min read
Recently posted . 3K views . 31 min read
The man underwent a surgery at Safdarjung Hospital but doctors said it is difficult to say whether he will be able to talk again, according to the police.
...
Recently posted. 715 views . 1 min read
The Human Resource Development (HRD) service is equipping to lead the main nation wide evaluation in light of the as of late presented learning results arranged by ...
Recently posted. 893 views . 11 min read