The court held that anti profiteering provisions pertain to commensurate reduction of prices when gst rates are reduced or due to input tax credit and hence these provisions are in public interest
As stocks turn volatile post Q3 results, watch out for these key levels on the likes of ICICI Bank, Hindustan Unilever, CoForge and UltraTech Cement among others and plan your trading strategy.
Colgate-Palmolive (India) has been one of the top gainers in the consumer space since June 2023, enriching investors by 53 per cent in this period
The market price of HUL has fallen below its previous low of Rs 2,393, hit on March 15, 2023. It is trading at its lowest level since July 2022
HUL's chief financial officer, Ritesh Tiwari, however, pointed out towards stress in the mass end of the market
Stock market highlights on January 20, 2024: Among sectors, the Nifty IT, and FMCG indices fell 1 per cent each, while the Nifty PSU bank index added 1.9 per cent
According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,642.2 crore and net profit at Rs 2,572.7 crore for Q3 FY24
FMCG distributors demanding restoration of old margin structures from the leading maker HUL on Thursday said they would boycott its products in Maharashtra, starting with Taj Mahal Tea. The distributors further said that if the company does not pay attention to their demand, then they will boycott the Kissan brand and leading detergent brand Rin along with Taj Mahal tea brand going ahead. HUL, which owns brands such as -- Lux, Lifebuoy, Surf Excel, Rin, Pond's and Dove, has reduced the fixed margin by 60 basis points and increased the variable margins by up to 100 to 130 basis points for its distributors. The distributors are demanding a minimum basic margin of 5 per cent. They are supporting incentive parameters, but they should not interfere with the distributor's margin. The All India Consumer Products Distributors Federation (AICPDF), an umbrella body for distributors, has raised concerns over the new margin structure. AICPDF on Thursday shared a statement from the Maharashtra
AICPDF asks HUL to restore old margin structure
FMCG companies typically give fixed margins of 4-6 per cent, while variable margins depend on milestones or performance parameters
Cuts fixed margins and increases variable margins for Bharat ke Shehar
Facing a 7% dip against a soaring Sensex, FMCG major's stock outlook raises caution, with investors eyeing volume recovery, pricing manoeuvres, and margin dynamics for cues
Stocks to Watch on Monday, December 4, 2023: Hindustan Unilever has decided to split its beauty and personal care business into two separate divisions
The beauty will transition into its beauty & wellbeing and personal care businesses and both divisions will have their own executive directors
Hindustan Unilever (HUL) became the first fast-moving consumer goods (FMCG) company to join ONDC last year through UShop
Hindustan Unilever and ITC both pointed out after announcing their September quarter results that regional brands have gained momentum
Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits
Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter
Premiumisation is bound to accelerate as Indians become more affluent and urban, says Jawa
Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.