Page 3 - Hul

Market Today: ITC Q2, FII selling, Waaree, Deepak Builders IPO allotment

Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October

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

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's ice-cream business sparks sale buzz, big players ready to scoop in

Companies such as RJ Corp, MMG Group, and Nestle SA are closely monitoring developments, with potential synergies aligning their interest in a possible acquisition

Festive season may not light up portfolios, but here's where you can invest

With festive season approaching, sectors like automobiles, FMCG, and electronics usually see a sales boost

HUL to sell Pureit to A. O. Smith for an enterprise value of $72 million

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 job cuts: HUL to assess parent's global initiatives for its biz

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

Creativity that breaks clutter drives sales, brand equity: Kantar report

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

Mcap of 8 most valued firms jumps Rs 3.28 trn; HUL, Reliance lead winners

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

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

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) ...

Hindustan Unilever eyes growth in beauty segment amid market expansion

HUL will focus on face cleansing, sun care, light moisture, serums, body care, and masstige skincare

HUL Q4FY24 results: Consolidated net profit dips 1.5% to Rs 2,561 crore

Hindustan Unilever Ltd's shares closed at Rs 2,260.05 on Wednesday ahead of its financial results

Global investors sell Unilever India stock as sales growth falters

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

L Catterton forms India-focused JV with former HUL's MD & CEO Sanjiv Mehta

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

Evaluating various future options for ice cream business, says HUL

Hindustan Unilever on Tuesday said it is evaluating various options for the future of the ice cream business, following its parent Unilever's announcement of a strategic intent to separate the vertical globally. London-based Unilever announced that it intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs. When asked about the possible impact of the move on the Indian business, the Indian subsidiary (HUL) of Unilever said it is evaluating various options. "As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further," said a HUL spokesperson in response to a query over the impact of Unilever's decision on the Indian business. Ice creams contributed 3 per cent

P&G India appoints Kumar Venkatasubramanian as CEO effective May 1

Current CEO LV Vaidyanathan resigns after 28 years at P&G

Focusing on competitive growth in India, expects price cut, says Unilever

Multinational FMCG firm Unilever is focusing on driving competitive volume growth in the Indian market and expects a price reduction in its products "if current commodity prices persist". In the December quarter, its India business HUL grew to mid-single digit led by volume, with lower input costs that led to negative pricing in the fourth quarter, Unilever said in its earnings statement on Thursday. "We are focused on driving competitive volume growth while pricing is expected to remain marginally negative if current commodity prices persist," it said. In the Indian market, Unilever's sales were flat in the fourth quarter as pricing turned negative, mainly driven by price reductions in fabric cleaning and skin cleansing bars as a result of commodity movements. This also impacted Unilever's overall fabric cleaning segment, which was negative in the December quarter, as the "pricing reflects commodity deflation, particularly in India," it added. Moreover, the company also had a tax

Consumers spending 50% time on digital media, says HUL's Rohit Jawa

HUL's chief financial officer, Ritesh Tiwari, however, pointed out towards stress in the mass end of the market

Demand woes, volume-margin trade-off likely to weigh on HUL stock

Competitive intensity to remain high, say brokerages as they take a cautious view

Weak rural demand a drag on HUL's Q3 showing; profit flat at Rs 2,509 cr

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