Page 5 - Hindustan Unilever

NCLAT dismisses insolvency plea against HUL, cites pre-existing dispute

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

HUL slips 4% after posting Q3 results; most brokerages cut target price

Fast-moving consumer goods (FMCG) major HUL reported an 18.9 per cent rise in its net profit at Rs 2,984 crore for the third quarter (Q3) as compared to a net profit of Rs 2,509 crore Y-o-Y

HUL Q3 results: PAT rises 18.9% to Rs 2,984 cr, volume growth remains flat

Announces acquisition of beauty brand Minimalist, and demerger of ice-cream business

Minimalist acquisition an example of making portfolio future fit: HUL CEO

The Rs 2,715-crore acquisition of premium beauty brand Minimalist from a company founded four years ago is "a great example of making" Hindustan Unilever Ltd's portfolio future fit and it shows the startup ecosystem in India definitely has a strong future ahead, according to its CEO and Managing Director Rohit Jawa. Hindustan Unilever Ltd on Wednesday announced that it has signed and executed share purchase and subscription agreement for acquisition of 90.5 per cent of shareholding of Uprising Science Pvt Ltd -- the firm behind Minimalist -- comprising secondary buyout for a cash consideration of Rs 2,670 crore at a pre-money enterprise valuation of Rs 2,955 crore. The company will also make a primary infusion of Rs 45 crore with an eventual acquisition of the remaining 9.5 per cent of Uprising's shareholding, HUL said in a regulatory filing. Addressing an earnings call, Jawa said despite the slowdown in FMCG market, which is transitory in nature, the company is preparing for future

HUL Q3FY25 results: Net profit rises 19% to Rs 2,984 cr, revenue up 2%

Hindustan Unilever Q3FY25 results: Consolidated revenue rose moderately by 1.9 per cent at Rs 15,559 for Q3FY25, from Rs 15,259 crore

Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%

Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.

Markets Today: Nifty outlook; Trump; HDFC Bank, HUL Q3; Denta Water IPO

Stock Market Today, January 22, 2025: Denta Water IPO and Rexpro IPO will open today; EMA Partners IPO Allotment will be finalised; and Rikhav Securities and Kabra Jewels shares will list today

Hindustan Unilever in talks to buy skincare brand Minimalist for Rs 3K cr

The brand, which started in 2020, is known for its ingredient-based skincare products and raised funds in its Series A from Unilever Ventures and Sequoia Capital India

Stocks to buy, sell: How to trade HDFC Bank, HUL, RIL shares today?

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

FMCG stocks rebound; ITC, HUL rally up to 5% from intra-day lows

Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.

Godrej Consumer shares sink 10%, HUL 4%; why are FMCG stocks falling today?

Godrej Consumer believes that due to an increase in soap prices, unseasonal rainfall, and slowdown in sales of its home insecticides (HI) segment a 'flattish' underlying volume growth

Hindustan Unilever's Vim brand set to cross Rs 3,000 crore mark soon

As Vim is the leader in the dishwashing space, the company has now entered the floor cleaning category with the same brand

Hindustan Unilever sees 10 of its brands at the sweet spot to go premium

In personal care, it said that four of its brands are in the Rs 1,000 crore category

HUL ice-cream business demerger clears first hurdle after board nod

For the purpose of the proposed demerger, the board has also approved the incorporation of a wholly owned subsidiary

Buy or Sell? TCS, Maruti, HUL among 7 Nifty stocks trading in oversold zone

These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.

Hindustan Unilever Q2 results: Net profit down 2.4%, volume growth at 3%

The FMCG major's revenue increased by 1.9 per cent year-on-year (Y-o-Y) to Rs 15,926 crore

Q2 results today: HUL, Godrej, TVS Motor among 73 firms to post earnings

Q2FY25 company results: AU Small Finance Bank, Bajaj Finserv, Birla will also be among the 73 companies to released their second quarter results on Oct 23

HUL Q2 preview: PAT likely to slip as margins weigh; Revenue to rise 4%

Hindustan Unilever's (HUL) Earnings before interest, tax, depreciation, and amortisation (Ebitda) is likely to remain flat at Rs 3,698.7 crore on an average

HUL hits new high, surges 34% in 5 months; market cap touches Rs 7 trillion

HUL share price today: The management expects demand to improve in the coming quarters while Ebitda margins are expected to remain at current levels

HUL constitutes committee to discuss the way forward for ice-cream business

In its stock exchange filing, the company said that the board also accorded its approval to explore potential structures and alternatives for the same