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Hindustan Unilever hits new high; surpasses SBI in m-cap ranking

Thus far in the calendar year 2017, HUL rallied 33% against 16% rise SBI and 17% gain in Sensex.

SI Reporter  |  Mumbai 

Hindustan Unilever (HUL) hit a new high of Rs 1,095, up 2.6% on the BSE; extending its 8% gain of the past nine trading sessions, after the country’s largest consumer goods company, reported a better-than-expected March-quarter result (Q4FY17). The company’s ebitda (earnings before interest, tax, depreciation and amortization) margin improved 90bps to 18.8% from 17.9% reported in the previous year quarter. Volume growth, a crucial metric tracked by most analysts and investors, came in at 4% for the March quarter, after two consecutive quarters of ...

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First Published: Thu, June 01 2017. 11:41 IST
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