FMCG Hindustan Unilever

Net sales grew 2.1 per cent year-on-year (Y-o-Y) to ₹16,060 crore while underlying volume growth (UVG) was flat Y-o-Y

Despite global headwinds and subdued returns in Samvat 2081, analysts expect the coming year to offer selective opportunities across banking, consumption, infrastructure, and technology themes.

Motilal Oswal continues to favour leading staples companies, including HUL, GCPL and Marico, as beneficiaries of renewed consumption momentum.

The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set aside a plea filed under Section 9 of IBC by K Lakshmi Narayana, Proprietor of Lalithambica Enterprises, alleging default. The NCLT had found that the sum of the invoices, which was within the three-year limitation period, was less than the threshold limit of Rs 1 crore. Besides, the appellate tribunal noted that HUL's submission relates to a pre-existing dispute, for which a legal notice was issued on January 17, 2019. The decision was challenged before NCLAT, where a two-member bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Arun Baroka, dismissed it observing the existence of a dispute on claims. "... according to

As FMCG shares led by Godrej Consumer fell up to 11% on Monday post the volume growth concern; the Nifty FMCG index slipped below its 20-DMA after a two-week struggle; chart hints at further 4.5% dip.

Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)

According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted

India's personal-care sector is estimated to become a $33 billion market by 2027 from $20 billion in 2022, according to Redseer Management Consulting Pvt

The company said weak rural consumer sentiment and delayed winter were behind its underwhelming performance.

Leading FMCG maker Hindustan Unilever Ltd on Monday said it has received Goods and Services Tax demands and penalties totalling Rs 447.5 crore from the authorities. In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond's and Dove -- said these "orders are currently appealable" and it will make an assessment. The company received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to expats etc on Friday and Saturday last week. "The Orders were received by the company on 30th December, 2023 and 31st December, 2023, respectively and the intimation is being submitted today i.e. 1st January, 2024, being the first working day after receipt of the Orders," said HUL. This includes the demand for tax "on salaries including allowances paid to expats amounting to Rs 372.82 crore and penalty amounting to Rs 39.90 crore" from the Joint Commissioner, CGST an

Approximately 205 managers at HUL received an annual income surpassing Rs 1 crore, compared to 153 managers in the previous financial year

HUL Q2 preview: Analysts expect the cost inflation in palm prices and packaging material to dent the FMCG major's margin picture in Q2-FY23

Indian FMCG giant's m-cap is touched $77 billion as compared to $115 billion of Unilever that holds 62 per cent in HUL

Revenue was up 19.6% YoY and profit up 13.5% YoY, its highest-ever quarterly figures

Reliance Industries is likely to be in limelight as the company is looking to take advantage of the surging diesel demand in Europe in the backdrop of Russia-Ukraine conflict.

Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.

In the past six months, HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the S&P BSE Sensex.

The three IT majors are scheduled to report Q3 earnings on Wednesday.