Benefits from a rebounding economy as lockdown-weary Indians finally started stepping out were offset by the unprecedented rise in raw material prices for the maker of Dove soap and Lipton tea
The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each
Higher demand for discretionary products and price hike to support margins
Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low
Hindustan Unilever's (HUL's) focus on cost saving and superior products would lead to moderate margin expansion, say analysts
Reliance Industries, Infosys, HDFC, Bajaj Finance and Wipro also saw a rise in their market valuations, while HDFC Bank, ICICI Bank and SBI suffered losses
In the past seven trading days, the stock of HUL has rallied 7 per cent as compared to a 1.5 per cent rise in the S&P BSE Sensex and a 2.8 per cent gain in the S&P BSE FMCG index
Companies as diverse as the Indian unit of Unilever Plc and Tata Motors are increasingly complaining about pricier inputs.
In the second instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Arnab Dutta looks at India's top FMCG players
Signs of a strong corporate earnings season lifted demand for risky equities
Reliance Industries, Tata Consultancy Services, Infosys, Hindustan Unilever, ICICI Bank and State Bank of India suffered losses in their market capitalisation
The management believes the outlook from June'21 onwards is positive, subject to the emergence of a third Covid-19 wave
The RSI has given a decent momentum pickup, indicating strengthen in HUL's stock and is well placed to support and justify the positive bias
Analysts said the outlook from June 2021 onwards is positive, barring the emergence of a third COVID wave
Any move below the zero line is inferred as a bearish signal where prices are expected to fall further.
Human resources experts said Covid-related challenges were among key reasons for the drop in Mehta's remuneration
Srinandan Sundaram, currently executive director at HUL, will succeed Sitapati effective July 1
Rural India was largely unaffected by first wave of Covid-19
In an interview with Viveat Susan Pinto, Mehta speaks on the shape of things to come for the fast-moving consumer goods (FMCG) market and his firm
Reports a 41 per cent year-on-year jump in net profit to Rs 2,143 crore