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
In the near-term, operating environment will continue to remain challenging, says HUL CMD
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
After two straight days of bear hammering, equity markets may stabilize today. A sharp move on either side could be triggered by the earnings report card of index heavyweight Reliance Industries
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
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Distributors in Maharashtra say will they stop taking up the company's products from January 1.
After Parag Agrawal's elevation as CEO of Twitter, another India-born executive Leena Nair, has now been chosen to head a global brand Chanel. Here's a peek into Nair's journey from Kolhapur to London
The shift from coal to renewable energy sources has also resulted into savings for HUL, says the FMCG major
The S&P BSE FMCG index, which fell 1.62 per cent in intra-day trade today, has slipped 4.5 per cent in the past two trading days