FMCG player Marico is unlikely to reduce prices of its products.
FMCG companies rule out price cut
The ongoing global financial meltdown has failed to dampen the spirits of FMCG.
Godrej asked a bailout package as done by china.
FMCG firms enjoy cut in raw materials cost amid slowdown
The company had a net profit of Rs 90.55 crore in the same period last year.
Shares of HUL were trading at Rs 234.95, down 3.43 per cent.
Even in times of high interest rates and inflation, consumer spending in FMCG.
Global FMCG major Nestle is planning to invest Rs 600 crore in India in 2009 for expansion of its business in the country.
FMCG company Amway India, which offers its products through its distribution network, may start advertising for specific categories or even products by 2010, a top company official said.
