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 . 61K 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 . 8K 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 . 7K views . 7 min read
True – Tr...
Recently posted . 6K views . 83 min read
More in National
An NIA official said the currency belonged to four-five “individuals or companies” including a prominent detergent-maker.
...
Recently posted. 890 views . 1 min read
The rupee recouped sharply by 24 paise to 64 against the US dollar in early trade on Tuesday on increased selling of the American currency by exporters and banks am...
Recently posted. 676 views . 6 min read
The cash of more than Rs 3.5 crore in scrapped Rs 500 and Rs 1,000 notes that disappeared from Dimapur on Tuesday after being flown in by a chartered flight resurfa...
Recently posted. 551 views . 21 min read
Recently posted . 1K views
Recently posted . 798 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 87 min read
Recently posted . 1K views . 19 min read
Kanpur: At slightest 2 people died and more than 65 were harmed after Sealdah-Ajmer Express crashed between Rura-Metha close Kanpur on Wednesday. Save and all...
Recently posted. 708 views . 30 min read
The reconfiguration has been proposed “to deliver the vision of education enunciated in this policy and to prepare our students optimally in the 21st Centur...
Recently posted. 487 views . 1 min read