Latest news with #dbAccessGlobalConsumerConference
Time of India
8 hours ago
- Business
- Time of India
Colgate brushes up plan to woo the great Indian middle class
India will account for probably the biggest contribution to the middle class in the world over the next decade, said Noel Wallace, global chief executive officer at Colgate-Palmolive , adding that the country is its top priority. "Middle class is everything to our businesses. That drives premiumisation. That drives penetration in the categories. That drives per capita consumption. So, long term, we are very bold on India," he said, addressing the dbAccess Global Consumer Conference. "We have seen a little bit of a slowdown in urban (areas). But long term, a huge middle class opportunity. We are well-positioned to go after that, and I think we've got some very clear strategies in place on the ground to deliver on it." The company behind the eponymous toothpaste brand controls half the oral care segment in the country and has seen slowing demand in India. Colgate-Palmolive reported a 2% year-on-year fall in its revenue for the quarter to March, while its net profit declined 7%. Demand for daily groceries and other household and personal products plunged to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the quarter. "We have seen some slowdown in the urban markets as of late, but the rural market seems to be performing well. We have an outstanding team on the ground that's very digitally forward thinking about where the future is going in that market in terms of both our distribution mechanisms as well as our marketing mechanisms, and we think executing very, very well," said Wallace. Last month, Colgate India said more than two-thirds of urban Indian consumers are facing financial stress , leading to a slowdown in overall consumer demand , including for oral care products while 30% urban consumers are resilient. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers, indicating sluggish urban demand was forcing companies to engage in bleeding price wars. While most companies keep product prices intact across markets, channels such as ecommerce and modern trade often use their sourcing clout to drive deep discounting. Rivals have been cutting prices or giving promotional offers occasionally at select channels for short-term market share and sales gains. "While Colgate has been able to drive growth in its premium range, reviving growth in core brands remains critical. While the management's guidance entailed a recovery anticipated in the second half of this fiscal, we expect competitive intensity to remain elevated, which should keep margins under pressure," said a report by InCred Equities.
Yahoo
3 days ago
- Business
- Yahoo
Kenvue Leads S&P 500 Decliners as CEO Points to Seasonal Demand Challenges
Shares of Kenvue (KVUE) led S&P 500 decliners Tuesday after the consumer health giant's chief executive indicated the firm faces seasonal demand challenges. Speaking at Deutsche Bank's dbAccess Global Consumer Conference, Kenvue CEO Thibaut Mongon highlighted the importance of seasonality for its allergy products, like Benadryl and Zyrtec. "We saw a longer winter, so winter pushed spring into later in Q2," Mongon said, according to a transcript provided by AlphaSense. "So we see that on allergy where we saw a later start to the season, and so far, it's below last year." Mongon also noted similar seasonal troubles for its sun protection brands, like Neutrogena and Aveeno. "In sun, we see more or less the same. Late start to the season year-to-date behind last year, but the season has not really started for recreational sun, and Memorial Day weekend was just a few days ago," Mongon said. "It was not great, as you and I could see. But, again, we are just at the beginning of the season. So it's too early to read the season. It will certainly impact Q2." Kenvue shares were down more than 7% in recent trading. With today's sharp declines, the stock's year-to-date gains stand at less than 3%. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
29-05-2025
- Business
- Associated Press
P&G to Webcast Presentation From the Deutsche Bank dbAccess Global Consumer Conference, June 5, 2025
CINCINNATI--(BUSINESS WIRE)--May 29, 2025-- Shailesh Jejurikar, Chief Operating Officer and Andre Schulten, Chief Financial Officer of The Procter & Gamble Company (NYSE:PG) will be featured speakers at the Deutsche Bank dbAccess Global Consumer Conference on Thursday, June 5, 2025 at 8:30 a.m. CEST (Central European Summer Time) / 2:30 a.m. ET (Eastern Time). Media and investors may access the live audio webcast at The webcast will also be available for replay. About Procter & Gamble P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit for the latest news and information about P&G and its brands. For other P&G news, visit us at Category: PG-IR View source version on CONTACT: Media Contact: Henry Molski +1-513-505-3587 KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FAMILY LGBTQ+ CONSUMER OTHER RETAIL TEENS PARENTING CHILDREN BABY/MATERNITY SPECIALTY OFFICE PRODUCTS FOOD/BEVERAGE RETAIL CONVENIENCE STORE ONLINE RETAIL OTHER CONSUMER DISCOUNT/VARIETY HOME GOODS WOMEN SENIORS RELIGION PETS MEN SOURCE: Procter & Gamble Copyright Business Wire 2025. PUB: 05/29/2025 09:15 AM/DISC: 05/29/2025 09:14 AM
Yahoo
23-05-2025
- Business
- Yahoo
Church & Dwight to Present at the dbAccess Global Consumer Conference
EWING, N.J., May 23, 2025--(BUSINESS WIRE)--Church & Dwight Co., Inc. (NYSE: CHD) announced today that President and Chief Executive Officer Rick Dierker, Chief Financial Officer Lee McChesney, and Executive Vice President of International Michael Read will participate in a fireside chat at the dbAccess Global Consumer Conference on Tuesday, June 3, at 8:45 a.m. ET (2:45 p.m. CEST). A link to the broadcast will be provided through the Investors section of the Church & Dwight's website. Church & Dwight Co., Inc. (NYSE: CHD) founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda. The Company manufactures and markets a wide range of personal care, household, and specialty products under recognized brand names such as ARM & HAMMER®, TROJAN®, OXICLEAN®, FIRST RESPONSE®, NAIR®, ORAJEL®, XTRA®, L'IL CRITTERS® and VITAFUSION®, BATISTE®, WATERPIK®, ZICAM®, THERABREATH® and HERO®. For more information, visit the Company's website. View source version on Contacts Lee McChesneyChief Financial Officer609-806-1200 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Church & Dwight to Present at the dbAccess Global Consumer Conference
EWING, N.J., May 23, 2025--(BUSINESS WIRE)--Church & Dwight Co., Inc. (NYSE: CHD) announced today that President and Chief Executive Officer Rick Dierker, Chief Financial Officer Lee McChesney, and Executive Vice President of International Michael Read will participate in a fireside chat at the dbAccess Global Consumer Conference on Tuesday, June 3, at 8:45 a.m. ET (2:45 p.m. CEST). A link to the broadcast will be provided through the Investors section of the Church & Dwight's website. Church & Dwight Co., Inc. (NYSE: CHD) founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda. The Company manufactures and markets a wide range of personal care, household, and specialty products under recognized brand names such as ARM & HAMMER®, TROJAN®, OXICLEAN®, FIRST RESPONSE®, NAIR®, ORAJEL®, XTRA®, L'IL CRITTERS® and VITAFUSION®, BATISTE®, WATERPIK®, ZICAM®, THERABREATH® and HERO®. For more information, visit the Company's website. View source version on Contacts Lee McChesneyChief Financial Officer609-806-1200
