FMCG major says it strengthened market leadership as sales slowed down
Q4 FY25 company results today: SBI Life Insurance, Nelco, and SBI Cards and Payment Services will be among 37 companies to post earnings reports for the January-March quarter
HUL Q4 FY25 result: The company's board approved a final dividend of ₹24 per share, taking the full year payout to shareholders to ₹53 per share
This comes at a time when the market is pushing for growth in urban areas, which has been impacted, while rural sales have been on an upward swing for the past few months
The FMCG major told Justice Amit Bansal that it will remove online posts within 24 hours and hoardings within 48 hours
The combined market valuation of five of the top-10 valued firms surged Rs 84,559.01 crore in a holiday-shortened last week, with Hindustan Unilever emerging as the biggest winner. Last week, the BSE benchmark Sensex declined 207.43 points or 0.27 per cent. The NSE Nifty dipped 75.9 points or 0.33 per cent. Indian stock markets were closed on Thursday for Shri Mahavir Jayanti. While Reliance Industries, Bharti Airtel, Hindustan Unilever, Bajaj Finance and ITC were the gainers, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India and Infosys faced erosion from their valuation. The market valuation of Hindustan Unilever surged Rs 28,700.26 crore to Rs 5,56,054.27 crore. Reliance Industries added Rs 19,757.27 crore, taking its market capitalisation (mcap) to Rs 16,50,002.23 crore. The valuation of ITC jumped Rs 15,329.79 crore to Rs 5,27,845.57 crore and that of Bajaj Finance rallied Rs 12,760.23 crore to Rs 5,53,348.28 crore. The mcap of Bharti Airtel climbed
The initiative will focus on startups operating in key environmental domains, including climate, nature, and plastics circularity
Leo Puri's exit from HUL was due to an increase in his board commitments, which included his proposed appointment on the board of a global entity
Cholamandalam Investment has shown strong performance in the financial sector, stabilizing around its 100-week EMA
Shares of FMCG company hit an over nine-month low of Rs 2,247.20, down 2 per cent on the BSE in Wednesday's intra-day trade amid concerns of moderate growth in the near term.
Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters
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
Companies say that the urban consumer is stressed majorly due to taking on loans and credit in various forms like personal loans and credit card debts
Among business segments, Home Care remains the best performer with Beauty & Wellbeing (B&W) segment the weakest
HUL will acquire the remaining 9.5 per cent stake from the founders within two years, as per terms outlined in the transaction documents
Board of directors approve demerger of its ice cream business
Hindustan Unilever Q3FY25 results: Consolidated revenue rose moderately by 1.9 per cent at Rs 15,559 for Q3FY25, from Rs 15,259 crore
Q3FY25 company results, January 22: HUL, HDFC Bank, Tata Communications, NIIT, Heritage Foods, and IIFL Wealth Management will release their financial reports for the October-December quarter today
Analysts and investors will eye HUL's outlook on demand and growth
Stocks to buy today: Jigar S Patel of Anand Rathi suggests initiating long positions in HDFC Bank share price in the 1,850-1,875 range, with an upside target of 2,050