Page 11 - Hindustan Unilever

Royalty costs for benefit of all shareholders, not just Unilever: HUL CEO

'Mom-and-pop stores will remain the most dominant channel even after a decade, and in a highly digitised form'

Dabur weighs acquisitions to expand across India, SE Asia amid competition

The expansion comes as Dabur faces intensifying competition from deep-pocketed rivals - including global consumer titan Unilever Plc - which are swooping in on upstart Indian brands

Six of top-10 firms lose Rs 49,231 crore in m-cap; HUL biggest laggard

The combined valuation of six of the 10 most valued firms eroded by Rs 49,231.44 crore last week, with FMCG major Hindustan Unilever taking the biggest hit. Last week, the 30-share BSE Sensex declined 159.18 points or 0.26 per cent. While Bharti Airtel, ITC, ICICI Bank and HDFC twins were the other laggards from the top-10 pack, TCS, SBI, Reliance Industries and Infosys posted gains. However, the combined market valuation gain of the four firms at Rs 35,840.35 crore was less than the total loss suffered by the six companies. The market valuation of Hindustan Unilever plummeted by Rs 15,918.48 crore to reach Rs 6,05,759.87 crore. The market capitalisation (mcap) of Bharti Airtel tanked by Rs 12,540.63 crore to Rs 4,29,474.82 crore and that of ITC plunged by Rs 11,420.89 crore to Rs 4,60,932.38 crore. ICICI Bank lost Rs 6,863.37 crore to stand at Rs 5,95,885.63 crore. The mcap of HDFC Bank dipped by Rs 1,255 crore to Rs 9,23,933.45 crore and that of HDFC fell Rs 1,233.07 crore to

India's rural markets impacted due to high food inflation: Unilever CEO

Jope said the company saw 15.6 per cent growth in the country during the quarter, during which price and volume were up 11.2% and 3.9%, respectively

Hindustan Unilever's royalty hike move hits investor mood, stock dips 4%

Brokerages cut earnings given pressure on margins but see stock performing in long term

Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts

In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season

Stocks to Watch: RIL, PVR, HUL, Bata India, Sun Pharma, Vedanta, LTTS, Auto

Stocks to watch today: Jubilant Foodworks plans to open 3,000 Domino's stores - 250 stores for Domino's India in the next 12-18 months. It also plans to start 40-50 stores for Popeyes India

HUL board approves hiking royalty to parent from 2.65% to 3.45% of turnover

HUL said the new contract terms were subject to a detailed evaluation and due diligence led by its senior management and guided by its Audit Committee and Board

HUL Q3 results: Net profit rises 7.9% to Rs 2,481 cr; total income up 16.4%

The company had posted a net profit of Rs 2,300 crore in the October-December quarter of the previous fiscal

Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

High RM prices to dent HUL's Q3 margins, revenues may rise up to 14% YoY

Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23

Top Headlines: GST Council meet, exports record flat growth, and more

Business Standard brings you the top headlines at this hour

Two internal candidates in race for Hindustan Unilever CEO position

"This step is in the right direction in embracing progressive corporate governance practices," HUL said in its statement

Breaking stereotypes with ads may not be so easy despite big brand backing

Experts believe advertisers trying to reverse gender roles in their brand communication walk a thin line in today's 24x7 digital age

Colgate Palmolive to focus on volume growth in India, says MD Narasimhan

According to the new MD, the naturals market, which witnessed strong growth from 2016 to 2019, has started to plateau

The power of 'obliquity'

Corporate leaders aggressively pursue shareholder wealth creation. But companies that put more emphasis on profit are, in fact, less profitable

OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts

HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment

Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%

CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent

HUL hits 52-week high as company forays into health & wellbeing category

The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.

HUL set for health and wellbeing foray with two investment deals

To acquire majority stake in OZiva maker, 19.8% in Nutritionalab