HUL, the country's largest consumer goods company, on Thursday reported a 7 per cent decline in volumes for Q4FY20, faring even worse than the demonetisation quarter, when the fall was 4 per cent
The Street had factored in a drop of 2-4 per cent in Q4 volume growth on account of the Covid-19 outbreak and subsequent lockdown but 7% decline was a surprise for many.
In Q4FY20, HUL's stock outperformed the market by rallying 20 per cent, against nearly 29 per cent decline in the Sensex
Data for April 11-17 shows that HUL, RB & Amul increased their advertising on news, general entertainment and movie channels.
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
HUL's current market value of Rs 5.14 trillion is also more than the combined Rs 4.20 trillion market capitalisation of India's top 10 listed automobile companies
Dettol and Lifebuoy promote hand washing with soap, setting aside their differences over hand hygiene standards
Market breadth was in favour of advances as out of 2,576 companies traded on the BSE, 1,842 advanced and 540 declined while 194 securities remained unchanged
HUL has fixed April 17, 2020 as the record date for determining the shareholders of the GSK Consumer Healthcare to receive the shares of the company.
Makers of hygiene and essential items may not feel the pinch but discretionary categories have a long road to recovery
Towards the end of last week, at least three such tie-ups were announced
Consumer goods major is down 4.2% since Feb 20, against 33% fall of HDFC Bank
The merger will also give HUL access to brands such as Horlicks and Boost, pitting the company against rivals such as Nestle India, another big player in the health and nutrition segment.
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On Monday, the company announced it was buying VWash, an intimate hygiene brand from Glenmark Pharmaceuticals
Glenmark will manufacture VWash for HUL over the next one year after which the production arrangement would be reviewed
The NCLT nod paves the way for the final leg of the merger process, including an announcement of the record date (of the merger) and share allotment
FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..
On November 6, 2019, the Mumbai Bench of the NCLT had sanctioned the scheme and the order was subject to sanction of the Chandigarh Bench of NCLT
Analysts believe the company's focus on innovation and market development will help the company in achieving sustainable volume and value growth going forward.