RBI governor Shaktikanta Das said that rural demand is recovering as reflected in the pace of tractor and retail two-wheeler sales, with rising farm activity
Normal monsoons, good harvest & increase in MSP will drive demand in rural markets in the near/medium term, according to analysts.
Says it's seeing 4x increase in e-commerce sales and 2x growth in modern trade
The company's cost savings programme and tweaking of marketing spends would help it maintain higher operating margins, analysts said
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
HUL Q2 preview: Analysts expect the cost inflation in palm prices and packaging material to dent the FMCG major's margin picture in Q2-FY23
Growth in volumes in the recent past was affected due to a significant surge in product prices