HUL Q1 results: Analysts say that the FMCG company's profit margins will continue to bear the brunt of high commodity prices, which were at peak highs for the most part of the quarter.
I remain confident that as a country, we will be able to navigate through this crisis there: HUL Chairman Nitin Paranjpe
Country going through probably the most difficult economic situation, says chairman
The HC ruled that Sebamed's advertising campaign is disparaging
Over 10 stocks slipped below their 200-DMA on Tuesday after the Nifty50 broke below its sentimentally important level of 16,400, while the Sensex lingered near 55,000-mark
While the company will continue to drive savings 'harder', it will also take calibrated price increases but foresees a decline in margins in the short term.
HUL stopping marketing to youngsters is welcome
As of 06:50 AM, the SGX Nifty April futures quoted at 17,066. According to analysts, the April series has been one of the most volatile series for the Nifty in recent times. The options data.
Revenue up 10% to Rs 13,468 cr, FY22 sales top Rs 50,000 cr
CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4
A YoY fall in volumes in the March quarter would be a first in seven quarters
Instead of a recovery in gross margins in fiscal 2022-23 (FY23), Jefferies now builds-in 50-200 basis point (bps) YoY decline, assuming crude stays closer to $100 a barrel and palm oil at $1,500/MT
CLOSING BELL: The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices
The price increases come on the back of constant rise in raw material costs
In the past six months, HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the S&P BSE Sensex.
Nitin Paranjpe appointed as non-executive chairman, Sanjiv Mehta to continue as CEO & MD
'Once commodity prices start going down, we will adjust down the prices or increase the quantum of volume in the packs', said Mehta
Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.
Net profit up 18.6% on 10.3% rise in revenue; says near-term outlook uncertain as growth moderating, inflation high
Business Standard brings you the top headlines on Thursday