AGP Executive Report
Last update: an hour agoRising Costs: AB InBev met third-quarter profit forecasts, but higher energy, aluminium and transport costs squeezed its margin. Danone also leaned on price increases to offset costs, while consumer-goods companies warn that further price hikes may follow. FMCG Results: Hindustan Unilever’s sales rose 15% and volumes grew 7%, but profit increased just 4% as expenses climbed and margins narrowed. Marico’s first-half profit fell 7% amid higher material costs, despite a modest sales gain. Product Safety: Consumer Reports urged parents to stop using Millie Moon diapers, and plant-based butter sold in Georgia was recalled over contamination concerns. Separately, a Washington Post investigation found the FDA had inspected just 7.6% of overseas facilities supplying fresh produce to the US since 2009.
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