Page 4 - Hul

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

HUL Q3 results: Profit up marginally at Rs 2,519 cr amid low rural demand

The company's quarterly sales of products slipped marginally to 14,928 crore rupees, with underlying sales growth in its home care business

Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday

Stock market highlights on January 19, 2024: The S&P BSE Indices will be calculated on Saturday, January 20, 2024 , which is declared as a special trading day by the exchange

Distributors write to Hindustan Unilever, oppose margin structure

AICPDF asks HUL to restore old margin structure

Distributors may halt HUL stock buys amid margin structure change

FMCG companies typically give fixed margins of 4-6 per cent, while variable margins depend on milestones or performance parameters

HUL appoints former revenue secy Tarun Bajaj as independent director

Bajaj belongs to the Indian Administrative Service, 1988 batch, Haryana Cadre, and was the Revenue Secretary of the Government of India before superannuating in November 2022

HUL Q2FY24 results: Net profit falls slightly, rural demand subdued

Gradual demand recovery to continue with tailwinds from festival season: CEO

Hindustan Unilever Q2FY24 results: Net profit at Rs 2,657 cr; income up 3%

The total income for Q2FY24 came in at Rs 15,806 crore, compared to Rs 15,253 crore year-on-year

Maruti to Amul: Disney Star onboards 18 sponsors for Asia Cup 2023

Asia Cup 2023 is set to take place from August 30 to September 17 and the tournament will be broadcast live on Star Sports Network and Disney+ Hotstar

HUL Lifebuoy, GAVI to take 'Safal Shuruaat' campaign to Indonesia

The campaign, which aims to reduce infant mortality, will be run under the public-private partnership in Indonesia

Hindustan Unilever stock falls 2.4% after costs hit quarterly profit

Fast-moving consumer goods markets are recovering gradually although the operating environment remains "challenging," CEO Rohit Jawa said

Hindustan Unilever Q1 results: Net profit rises 7.3% to Rs 2.6K crore

Rural demand for FMCG sector moves into positive territory

Hindustan Unilever Q1 results: Profit rises 6.9% to Rs 2,556 crore

Total expenses were higher at Rs 12,167 crore as compared to Rs 11,531 crore in the same quarter a year ago, the company said