Net sales grew 2.1 per cent year-on-year (Y-o-Y) to ₹16,060 crore while underlying volume growth (UVG) was flat Y-o-Y
Q2FY26 company results: Many firms including PTC India Financial Services, Tata Teleservices, Jumbo Bag and Vardhman Textiles are also to release their July-September quarter earnings reports today
Ritesh Tiwari will take over as Unilever's global head of M&A and treasury from November 1, while Niranjan Gupta returns to HUL as CFO-designate and management committee member
Technical outlook on 5 stocks - Hindustan Unilever, Dabur, Insecticides India, Jain Irrigation, Kaveri Seeds - that are likely to trade favourably as per the charts this monsoon season.
Shares of FMCG company hit an over nine-month low of Rs 2,247.20, down 2 per cent on the BSE in Wednesday's intra-day trade amid concerns of moderate growth in the near term.
Hindustan Unilever Limited has approved the demerger of its ice cream business, Kwality Wall's, which will become a separately listed entity, with shareholders receiving shares in the new company
Two India-based facilities of tyre maker CEAT and FMCG major Hindustan Unilever Ltd have joined the Global Lighthouse Network of the World Economic Forum for transforming manufacturing through innovation. Announcing 17 new members to the network, the WEF on Tuesday said this community of 189 industry leaders is pioneering the use of cutting-edge Fourth Industrial Revolution technologies in manufacturing. Other new members are based in the United Arab Emirates, China, Germany, Malaysia, Saudi Arabia, Taiwan, United Kingdom, United States and newcomer Morocco, home to the first Lighthouse site in Africa. The latest cohort of Lighthouses has observed an average 53 per cent boost in labour productivity and 26 per cent reduction in conversion costs attributed to various digital solutions such as AI, machine learning, advanced analytics and more, the WEF said. On Sriperumbudur facility of CEAT Ltd, the WEF said, "To support global expansion, CEAT needed to manage three times more SKUs ..
FMCG major HUL on Friday said it has incorporated a new subsidiary Kwality Wall's for the proposed demerger of the ice cream business of the company. Kwality Wall's (India) Ltd (KWIL) has been incorporated "for the purpose of the proposed demerger of the company's ice cream business, which is currently under evaluation by the Board of the company," the FMCG major said in a regulatory filing. HUL will own 100 per cent of the issued and subscribed share capital of KWIL. Earlier on November 25, 2024, HUL approved the demerger of the ice cream business, which owns brands like Kwality Wall's, Cornetto and Magnum into an independent listed entity. The existing shareholders of the FMCG major will receive shares in the new entity in proportion to their shareholding in HUL, it had said. The board of HUL decided to de-merge the ice cream business, based on the recommendation of the Independent Committee, which was formed by the FMCG major earlier in September 2024. The Independent Committe
ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...
Derivatives market update for Sept 23: FIIs net bought over 1 lakh contracts of Nifty futures and 25,878 contracts of Bank Nifty futures on Friday. Retail investors hold 2 shorts for every long bet.
Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.
Corporate backers include consumer goods company Unilever, the world's biggest furniture retailer IKEA and British sustainable energy company Octopus EV
Corporate backers include consumer goods company Unilever, the world's biggest furniture retailer IKEA and British sustainable energy company Octopus EV
The uptick in stock price came after the Whirlpool of India and Hindustan Unilever Ltd announced a new marketing alliance for Surf Excel, the laundry brand of the FMCG player
Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)
Rebranding offers clearer and more transparent representation of the product category, says company
Current CEO LV Vaidyanathan resigns after 28 years at P&G
Analysts at Emkay Global Financial Services believe demand slowdown, competitive pressure, distribution stress, and rising royalty rates are likely to have an overhang on HUL's valuations.
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
The total income for Q2FY24 came in at Rs 15,806 crore, compared to Rs 15,253 crore year-on-year