Hindustan Unilever said India continues to be among the top three priority markets for its parent Unilever, which has announced an organisational restructuring
'Once commodity prices start going down, we will adjust down the prices or increase the quantum of volume in the packs', said Mehta
Shares of Hindustan Unilever Ltd defied the muted broader market trend and surged as much as 3 per cent on Friday after the FMCG major reported strong December quarter earnings. On BSE, the stock opened at Rs 2,282.00, then jumped 3.15 per cent and touched an intra-day high of Rs 2,333.05 during the session. It finally settled at Rs 2,322.20, up 2.68 per cent. On NSE, the stock opened at Rs 2,264.80, then gained further ground during the day and finally ended the day at Rs 2,330, registering a gain of 3.02 per cent over its last close. On Thursday, Hindustan Unilever Ltd reported an 18.68 per cent increase in consolidated net profit to Rs 2,300 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 1,938 crore in the October-December period of the previous fiscal. "HUL delivered a resilient performance both on revenue and margins front despite the headwinds to rural demand and persistent material cost inflation. "While volume growth looks soft a
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From a Budget perspective, he said the most important thing is that 'we have to ensure that the tax rates remain consistent, policy remains consistent. As businessmen, we all crave for that'
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
This comes on the back of rising raw material costs, which had forced the company to initiate several similar rounds of price hikes last year, too
Organised trade includes the likes of Jiomart, Booker and ecommerce distributors like Elastic Run and Udaan
Distributors in state to stop supplying Colgate products in phases from January 1
Distributors in Maharashtra say will they stop taking up the company's products from January 1.
Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter
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Aims double-digit growth in the region from current 1% this calendar year
The shift from coal to renewable energy sources has also resulted into savings for HUL, says the FMCG major
Leading biscuit maker Parle Products has also increased prices by 5 per cent to 10 per cent across its product portfolio in this quarter
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Volume growth, amid soft rural demand, is also a key monitorable
Suyash was, until recently, the Chief Executive Officer and Managing Director at CRISIL
Sensex sheds 0.08%, Nifty takes a deeper cut of 0.3% at close; mid-caps see 2% cut
Company posts 9% YoY increase in net profit, 11% growth in revenues