The company's board appointed a committee to evaluate the future of its ice cream business and also accorded its approval to explore potential structures and alternatives for the same.
According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.
BSE analytics reflect that the company's shares have sprinted 164.57 per cent year-to-date, while in the last six months they have yielded a return of 107.94 per cent
With a strong presence in the hinterland, Patanjali Foods is positive about rural demand moving northwards in the coming quarter.
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
Harsh summers, cola price wars play spoilsport for juice segment
The company said the quarter witnessed continued demand pickup in rural markets outpacing growth in urban markets for the second quarter in a row
Shares of Lotus Chocolate Company were locked in the upper circuit for the eight straight trading day, up 5 per cent at Rs 1,035 on the BSE as of 12:14 pm on Monday.
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 stock price of cigarettes-to-hotels conglomerate was trading at its highest level since July 2023 and was 2 per cent shy from its record high level of Rs 499.60 touched on July 24, 2023.
The management sees encouraging signs of industry recovery, with inflation stabilising and margins poised for improvement.
After record share purchases in recent months, mutual funds (MFs) have eased off the buying pedal
ITC rose 2% to Rs 479.35, quoting higher for the sixth straight trading day, and was 4% shy from its record high level of Rs 499.60 touched on July 24, 2023.
Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.
Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion
Shares of FMCG firm LT Foods surged up to 4.54 per cent at Rs 293.15 per share on the BSE in Friday's intraday trade
Recovery in rural markets should support Dabur's portfolio, as it is heavily skewed toward rural areas, said brokerages.
In Q1FY25, Adani Wilmar recorded a volume growth of 13 per cent year-on-year (Y-o-Y), led by market-specific strategies in each category, and aimed at gaining market share
Increasing trends of premiumisation and volume growth may also expand operating margins by 50-75 basis points, despite higher marketing expenses and competition
Kaya stock update: In the past one month, the market price of Kaya has zoomed 73 per cent and the stock had hit a 52-week high of Rs 515.85 on June 24.