HLL shines on good show
DALAL STREET SPIKES
| The company reported a 60 per cent rise in net profit (including exceptional items such as gains from sale of stakes in some firms) in September 2006 quarter Rs 521 crore. Net sales rose 12.2 per cent to Rs 3,066.01 crore. |
| HLL has been divesting businesses to focus on its portfolio of big brands, including Lux soap, Sunsilk shampoo, Surf detergent and Lipton tea. |
| Despite price hikes and robust industry scenario, the company has failed to attract investor's attention. |
| Thus the company, along with other FMCG players, has underperformed the market, which is on fire. The stock trades at a trailing 12 month price to earnings multiple of 35 times. Recently a foreign broking firm had downgraded the stock. |