Hindustan Unilever Ltd

The brand is hopeful that the opportunity in the beauty and personal care space is huge as the per capita consumption of makeup in the country is very low in India

Net profit rises 22.2% on 16.1% increase in revenue

FMCG major Hindustan Unilever Ltd on Friday reported a 22.19 per cent rise in its consolidated net profit to Rs 2,670 crore for the second quarter ended September 30, mainly helped by volume growth. The company had posted a net profit of Rs 2,185 crore in the July-September quarter of the previous fiscal. Its total income increased 16.44 per cent during the quarter under review to Rs 15,253 crore. It was Rs 13,099 crore in the year-ago period, Hindustan Unilever Ltd (HUL) said in a regulatory filing. The company delivered an "underlying volume growth of 4 per cent" during the July-September quarter. "Growth was significantly ahead of the market with more than 75 per cent of the business winning value and volume market share," said HUL in its earning statement. Its total expenses rose 18.12 per cent to Rs 11,965 crore compared to Rs 10,129 crore in the second quarter of the last fiscal. HUL CEO and Managing Director Sanjiv Mehta said: "Building on our strong momentum, we have deli

Businesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, Hindustan Unilever CEO and MD Sanjiv Mehta said on Tuesday. The unprecedented inflation is not homegrown but has been caused by several global factors, including supply chain disruption due to the pandemic and Ukraine-Russia war, he said while speaking at the FICCI LEADS 2022 event here. "It is very difficult to predict but I think where we have to be ready with is possible three scenarios in the world today," Mehta said when asked about his thoughts on the possibility of inflation coming down in the near future. One possibility is, he said, "the inflation or a slight deflation will continue at a moderated pace from the elevated base today. The second is it could go up even further and the third is there could be a deflation in commodity prices." "This is a horizon I'm looking at for the next two, three years and as businesses, we have to be ready

HUL CEO Sanjiv Mehta and UP Chief Minister Yogi Adityanath virtually unveiled the spray dried detergent factory and co-located distribution centre

The HUL chart has seen breakout of the 'Inverse Head and Shoulder' after the stock conquered the Rs 2,400-level, thus indicating an upside target of Rs 3,000 in the medium-term.

Revenue was up 19.6% YoY and profit up 13.5% YoY, its highest-ever quarterly figures

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.

Shares of Hindustan Unilever are exhibiting a major breakout, whereas Dabur India and Marico are not exhibiting much of a promise on the charts.

Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"

The HC ruled that Sebamed's advertising campaign is disparaging

Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers.

While analysts see near-term margin compression, on expected lines, due to rise in commodity prices, they believe HUL is relatively better placed to fight the inflation woes.

According to the technical analyst from Anand Rathi, it is a good time to buy HUL as the stock recently retested its 200-WMA after a gap of 10 - 12 years.

FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will move into her new global role as Chief Marketing Officer for Beauty & Wellbeing. Similarly, Subramanian takes over from Prabha Narasimhan, who has decided to leave the company to pursue an external opportunity. Rao is currently Executive Vice President Home and Hygiene, Unilever. He joined HUL in 1991. On the other hand, Subramanian, currently Vice President Home Care, Southeast Asia / ANZ (SEAA) & Global Head, Fabric Enhancers, joined HUL in 1995 as a management trainee. "I am delighted to welcome Madhusudhan and Deepak to the HUL Management Committee. Madhusudhan has a successful track record in a variety of operational and strategic roles. He has ...

Sanjiv Mehta will continue as the Chief Executive Officer & Managing Director

Major FMCG stocks are not showing exciting structure on charts, better play is to avoid them.

With these additions, the state's Covid tally rose to 67,57,032, while the death toll increased to 141,581

By mid January, distributors have decided to stop supplying Rin products, which include detergent soap and powder

ICICI Bank is trading firmly in overbought condition, while Hindustan Unilever is still not showing signs of any reversal depsite trading in oversold territory