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Net profit rises 22.2% on 16.1% increase in revenue
Stock market live updates: At 7:25 AM, the SGX Nifty Futures quoted at 16,512 levels, indicating a gap-up of 172 odd-points.
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.
In the near-term, operating environment will continue to remain challenging, says HUL CMD
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
The company declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022
Signs of a strong corporate earnings season lifted demand for risky equities
Analysts at ICICI Securities expect Hindustan Unilever (HUL) to post 15.4 per cent year-on-year (YoY) revenue growth at Rs 11,322.3 crore in the December quarter
The results outcome have seen profit booking on the gap up opening
Synergy benefits from GSK Consumer merger, VWash buy give leg up to firm's portfolio
Its total expenses increased 5.42 per cent to Rs 8,324 crore in Q1 FY2020-21, compared to Rs 7,896
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
The FMCG bellwether on Monday reported a 21.2 per cent year-on-year growth in net profit to Rs 1,848 crore for the July-September quarter (Q2) of FY20.
Despite consecutive quarters of 11% volume growth, management cautious about outlook