Hindustan Unilever Limited

Shares of Hindustan Unilever (HUL) fell as much as 4.3% on Friday, as a deal to pay its UK parent higher royalty fees took the shine off a bigger-than-expected rise in quarterly profit

The company had posted a net profit of Rs 2,300 crore in the October-December quarter of the previous fiscal

Deal valuation pegged between Rs 1,000-1,500 crore

Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.

Stocks to watch today: Reliance Industries flat net profit at Rs 13,656 crore in Q2FY23; Chennai Petroleum will post Q2FY23 results on Tuesday, October 25

FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper. HUL has reduced prices of its offerings under popular soap brands Lifebuoy and Lux by 5 to 11 per cent in the western region. Godrej Group arm GCPL, which owns soap brand Godrej No 1, has also reduced prices of soaps by 13 to 15 per cent. Analysts opine that the reduction in prices would help drive growth in volumes in the second half of current fiscal year, especially since overall demand remains sluggish due to high inflation. One of the reasons for the price reduction is the decline in global prices of palm oil and other raw materials, they added. Commenting on the development, GCPL CFO Sameer Shah said:" With commodity prices coming down, GCPL is one of the first FMCG companies to pass on the price reduction benefit to consumers." "For soaps specifically, GCPL has reduced prices be

In the past six months, the stock has rallied nearly 40 per cent, as against 0.34 per cent decline in the S&P BSE Sensex.

Business Standard brings you the top headlines this hour

Sanjiv Mehta will join Unilever Indonesia's board of commissioners and chair it in a non-executive capacity

The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.

Rao joined HUL in 1991 and worked across marketing, customer development, and brand development roles in various geographies

Reliance Jio plans its biggest ever rupee bond sale, while Bharti Airtel shelves its plans to de-merge its core telecom business

Fast-moving consumer goods major Hindustan Unilever Ltd (HUL) on Wednesday rolled out an initiative to make oxygen concentrators available free-of-cost to patients in Delhi NCR region and Bengaluru

Overall volume growth, the performance of the nutrition business and the movement in advertisement and promotion spend along with other expense are among key trackable for the quarter under review

The valuation of Tata Consultancy Services zoomed Rs 57,816.18 crore to reach Rs 12,28,898.85 crore

On economic recovery, Mehta said the key issue is determining the appropriate level of interest rate to spur growth

Both the countries reported a decline in sales in the March quarter

Companies with higher exposure to food and daily essentials, analysts say, are expected to fare better this quarter as compared to those with a skew towards discretionary consumption

All these stocks' fortunes are linked to domestic consumption, rather than global growth.

Balkrishna Industries is currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts