Latest news with #PRO
Mint
5 days ago
- Business
- Mint
Multi-channel push: From quick commerce to premium beauty, HUL adapts to evolving consumer habits
Hindustan Unilever Ltd (HUL) is expanding its sales channels, including health and wellness stores, premium beauty outlets, and quick commerce, to adapt to evolving consumer shopping habits, said Rohit Jawa, chief executive and managing director of India's largest packaged consumer goods firm, in its 2024-25 annual report. "We now have a dedicated premium retail organisation focused on distributing and creating demand for our premium beauty products through the beauty and pharma channels. New channels have necessitated superior point-of-sale availability. We are leveraging advanced technology expertise to strengthen our presence in modern trade, e-commerce, and the fast-growing quick commerce,' he added. In October 2024, HUL's beauty and well-being portfolio, which includes brands such as Lakme and Dove, went live in 75,000 outlets with the beauty premium retail organisation (PRO). PRO is an exclusive route to market for offline beauty, with 75% coverage focused on health and beauty stores. Meanwhile, HUL's foods category is witnessing a significant expansion in channels such as modern trade stores and e-commerce, including quick commerce, the company said. It has rolled out several exclusive products for such channels. "We had several modern trade and e-commerce exclusive launches in the year, led by Pukka herbal infusions, Bru cold coffee and Korean meal pots. With our premium ice cream portfolio of Magnum, Cornetto and Slow Churn, we continued to strengthen our play in channels of the future, building on the trend of in-home ice cream consumption,' it added. E-commerce currently contributes 7-8% to HUL's business, a share that is growing faster than the company's overall average. This contribution could potentially reach 15% in the next few years, according to the company's management during their post-earnings call for the March quarter. Quick commerce accounts for approximately 2% of the business. HUL's assortment on quick commerce has doubled in 2024-25 compared to a year ago. HUL said e-commerce has evolved into various models. It has set up teams for each model, focusing on future-ready, need-based portfolios. HUL's wide portfolio of over 50 brands reaches over 9 million outlets in India, making it among the most well-distributed packaged consumer goods companies in the country. It has invested ahead of the curve in organised trade, leading to higher market shares and strong leadership positions across categories. The growing demand in modern trade will help drive sales. "We are also investing in e-commerce capabilities to build a strong digital moat…Under the WiMI 2.0 mandate, HUL is also building specialised new routes to market (RTMs) for emerging segments, such as health and wellness, premium beauty, and gourmet food. These channels will help HUL reach more than 70% of the premium beauty and foods markets, while also driving assortment growth,' it added. The company uses the WiMI (winning in many Indias) strategy to understand and reach diverse consumer groups across the country. Apart from premiumization and more consumers trading up to better brands, HUL has also outlined rapid digitisation as a core area of future growth. This includes digitizing Kirana store partners via apps, bolstering e-commerce offers, and spending more on digital marketing channels. The company still draws a majority of its business from kirana stores or traditional sales channels. Kirana stores are vital to any large packaged consumer goods company's distribution and reach in India, making up to 70-80% of their sales. 'Over the last year, we have focused on strengthening this channel with a 'kirana-centric, distributor-inclusive' model. Our strategy involves building stronger relationships with our distributor partners and kirana stores, partnering with them in their journey of digitisation, empowering them with future-fit capabilities to ensure we position them to succeed in the rapidly evolving distribution landscape,' it said. HUL is also 'actively' collaborating with the Government of India's initiative, Open Network for Digital Commerce (ONDC). 'With the help of an integrated module in Shikhar, neighbourhood kiranas can go live on ONDC seamlessly and sell their entire range of products online,' it said.
GMA Network
26-05-2025
- General
- GMA Network
Agency ensures aid to Pinoy seafarers in ship that sank off Indian coast
This photograph taken and released on May 25, 2025 by the Indian Defense Public Relations Office (PRO) of Mumbai shows a Liberian-flagged container ship off India's southern coast of Kerala. The ship was carrying hazardous cargo, the navy said after rescuing all 24 crew members safely. Indian Defense Public Relations Office of Mumbai/ AFP The manning agency of the Filipino crewmen who were rescued from a container ship that sank off the Indian coast assured Monday it will send help to the seafarers. In a report from the manning agency provided by the Department of Foreign Affairs, 20 of the 24 crew members are Filipinos. 'We are coordinating to ensure that the seafarers receive appropriate medical attention and are provided with essential clothing and humanitarian support as needed, considering they may have disembarked without personal effects,' the manning agency said. 'The Indian Coast Guard assisted 12 Pinoys, while the passing merchant vessel MV Han Yi rescued 8 Pinoys,' it added. On Sunday, a Liberian-flagged container ship with hazardous cargo sank off the coast of Kerala in the southern part of India. All 24 crew members were rescued. All are now under the custody of Indian authorities for further evaluation and processing. —Mariel Celine Serquiña/RF, GMA Integrated News
GMA Network
25-05-2025
- General
- GMA Network
Ship sinks off India coast with hazardous cargo; Pinoys, other crew rescued
This photograph taken and released on May 25, 2025 by the Indian Defense Public Relations Office (PRO) of Mumbai shows a Liberian-flagged container ship off India's southern coast of Kerala. The ship was carrying hazardous cargo, the navy said after rescuing all 24 crew members safely. Indian Defense Public Relations Office of Mumbai/ AFP BENGALURU, India — A Liberian-flagged container ship with hazardous cargo has sunk off the coast of Kerala in India's south, the navy said on Sunday after rescuing all 24 crew members safely. India's navy said the MSC ELSA 3, listed as a 184-meter (603-foot) long freight ship, which was sailing from the Indian port of Vizhinjam to Kochi, ran into trouble on Saturday and issued a distress call. Navy aircraft scrambled to the area and spotted two life rafts, with the container ship listing at a dangerous angle some 38 nautical miles southwest of Kochi. "All 24 crew members on board were rescued," the Ministry of Defense said in a statement, with the Indian Coast Guard (ICG) and a navy patrol boat collecting the sailors, who were from Georgia, Russia, Ukraine and the Philippines. "The vessel went down with 640 containers, including 13 with hazardous cargo and 12 containing calcium carbide," the statement said. The Defense Ministry did not specify what was inside the containers it said were hazardous. Calcium carbide is used in the chemical industry, including for fertiliser production and steelmaking. "Given the sensitive marine ecosystem along Kerala's coast, ICG has activated full pollution response preparedness," the navy said. The vessel also contained some 370 tonnes of fuel and oil but, while the coast guard had deployed "detection systems", it said that "so far, no oil spill has been reported." — Agence France-Presse
Time of India
24-05-2025
- General
- Time of India
CG, Navy rescue 21 crew from tilting ship off Kochi
Kochi/T'puram: Twenty-one of the 24 crew members onboard a Liberia-flagged container vessel which began tilting dangerously around 38 nautical miles off Kochi coast were rescued on Saturday. It is reported that some containers with hazardous cargo have fallen off the ship. By Saturday night, 21 crew members were rescued, three crew members (captain, chief engineer and 2nd engineer) remained onboard to facilitate planned salvage operations. Indian Coast Guard (ICG) and Indian Navy ships, along with ICG aircraft, were continuing to coordinate and monitor the situation. Some containers have fallen due to vessel tilting, risk assessment is in progress. All efforts are on to maintain stability of the vessel, said the defence PRO in a post on X. Meanwhile, Kerala state disaster management authority (KSDMA) warned the people against coming in contact with the hazardous cargo — marine gas oil and very low sulphur fuel oil — that fell off the ship. Earlier, according to a press note issued by the defence PRO, the 184-m-long vessel, MSC ELSA 3, that had departed from Vizhinjam port on May 23, was expected to arrive at Kochi on May 24. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Around 1.25pm on Saturday (May 24), M/s MSC Ship management intimated Indian authorities regarding the development of a 26-degree list (a dangerous tilt or lean to one side) onboard their vessel, approximately 38nm south-west of Kochi, and sought urgent assistance. One Navy ship and two ICG ships were in the area. Nine of the 24 crew members had abandoned the ship and were in liferafts when rescue operations were launched. The crew comprised 20 Filipino nationals, two Ukrainians, one from Georgia and the captain being a Russian. Medical assistance was being provided to the rescued crew members aboard an ICG vessel, sources said. DG Shipping, in coordination with ICG, issued directives to ship managers for providing urgent salvage services for the vessel, the note said. At a news conference, Sekhar Kuriakose, member secretary of KSDMA, said, "There is a possibility that the containers and the oil can reach the state's coast. The Coast Guard has informed us that in such a situation people should never go near the containers. If fishermen or people find any containers, oil slick or any material on the coast, they should alert the nearest police station or at 112," said Kuriakose. Port minister V N Vasavan said that the Coast Guard, Navy and disaster management authorities are tackling the situation. "It is important that people along the coast or fishermen are careful," he said. Marine oil is transported in containers if they are in small quantities. Sources said that the chemical from the containers can leak into the sea and the currents can take it to the coast. The entire coast, especially Thrissur-Kochi-Alappuzha region, can be at risk, sources added.
Yahoo
24-05-2025
- Business
- Yahoo
Is Now An Opportune Moment To Examine PROS Holdings, Inc. (NYSE:PRO)?
PROS Holdings, Inc. (NYSE:PRO), is not the largest company out there, but it saw a decent share price growth of 12% on the NYSE over the last few months. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on PROS Holdings's outlook and valuation to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Good news, investors! PROS Holdings is still a bargain right now. According to our valuation, the intrinsic value for the stock is $26.10, but it is currently trading at US$16.84 on the share market, meaning that there is still an opportunity to buy now. Although, there may be another chance to buy again in the future. This is because PROS Holdings's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity. View our latest analysis for PROS Holdings Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by 21% over the next year, the near-term future seems bright for PROS Holdings. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since PRO is currently undervalued, it may be a great time to increase your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation. Are you a potential investor? If you've been keeping an eye on PRO for a while, now might be the time to enter the stock. Its prosperous future outlook isn't fully reflected in the current share price yet, which means it's not too late to buy PRO. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. When we did our research, we found 2 warning signs for PROS Holdings (1 is a bit unpleasant!) that we believe deserve your full attention. If you are no longer interested in PROS Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
