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For the purpose of the proposed demerger, the board has also approved the incorporation of a wholly owned subsidiary
Unilever said earlier this year it would axe 7,500 jobs globally as part of a restructuring to save about 800 million euros
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
Hindustan Unilever (HUL) reported a net profit of Rs 2,591 crore as compared to Rs 2,668 crore which translates to a decline of 2.8 per cent
Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October
The FMCG major's revenue increased by 1.9 per cent year-on-year (Y-o-Y) to Rs 15,926 crore
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
Companies such as RJ Corp, MMG Group, and Nestle SA are closely monitoring developments, with potential synergies aligning their interest in a possible acquisition
With festive season approaching, sectors like automobiles, FMCG, and electronics usually see a sales boost
The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A. O. Smith said in its release
Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025
Talking about trends that emerged during testing of over 1,400 Indian ads for the 4th edition of Kantar's Creative Effectiveness Awards, Mohanty said that hyper-regionalisation is now gaining steam
Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent. The 30-share BSE Sensex jumped 1,720.8 points or 2.29 per cent to hit a new record peak of 76,795.31 in intra-day trade on Friday. The benchmark ended at a record high of 76,693.36, up 1,618.85 points or 2.16 per cent. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever (HUL) and ITC were the gainers. These companies added a total of Rs 3,28,116.58 crore to their market valuations. State Bank of India and Life Insurance Corporation of India (LIC) were the laggards from the top-10 pack. The market valuation of TCS zoomed Rs 80,828.08 crore to Rs 14,08,485.29 crore, emerging as the bigge
The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed to the growth in consumption in the first quarter of 2024, but non-food saw almost double the growth as compared to food, NielsenIQ (NIQ) said in its quarterly snapshot for Q1 2024. The FMCG industry has experienced a 6.6 per cent growth in value, attributed to a 6.5 per cent increase in volume at an all-India level. The volume growth for this quarter was higher than Q1 2023, which stood at 3.1 per cent, it added. NIQ Head of Customer Success India, Roosevelt Dsouza said, "The FMCG industry's growth continues to be driven by consumption trends in Q12024 with rural areas surpassing urban growth for the first time in five quarters." Notably, Dsouza said home and personal care (HPC) ...
HUL will focus on face cleansing, sun care, light moisture, serums, body care, and masstige skincare
Hindustan Unilever Ltd's shares closed at Rs 2,260.05 on Wednesday ahead of its financial results
The decline in Hindustan Unilever shares this year has helped improve its multiples. The stock is currently trading at 46 times its forward earnings, below its five-year average of about 54 times
During Mehta's tenure at HUL, he oversaw a fivefold increase in the mcap of HUL to Rs 6.2 trillion, making it India's fifth-largest public company by mcap and the country's largest FMCG firm