Technology, CMD Mehta said, was going to be the game changer, shaping societies as well as businesses.
HUL was amongst the fastest to recover within the fast-moving consumer goods companies following a nationwide lockdown last year
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment
After beauty, skin and hair care, household products gets herbal range; analysts say filling white spaces
The men's range of Fair & Lovely will be called Glow & Handsom
HUL said that it has acquired the intellectual property rights including trademarks, design, and knowhow related to the VWash brand worldwide
Firms to set up isolation rooms, led by Apollo Hospitals
In 2012, Tata Chemicals was successful at the Intellectual Property Appellate Board (IPAB) in revoking one of HUL's patents related to water purifier
85 experiments are under way to aid HUL's transformation into a future-ready company
The volatility in crude oil and currency are key monitorables for us, said Mehta
In a media interaction, managing director and chief executive Sanjiv Mehta indicated the way forward for the company
June quarter results of India's leading FMCG company- Hindustan Unilever (HUL) may be interpreted in two ways. A pessimist would be tempted to point out that a flat volume growth for a leading organised giant is not much to be contended with. But a pessimist may be a minority as a majority of analysts emphasise that flat volume growth isn't bad for HUL given the circumstances in June quarter (Q1). Abneesh Roy of Edelweiss, who expected volumes to decline by 1 - 2 per cent in Q1 given the destocking at the dealers' end, says that the numbers have bettered his expectations. Impressively, despite a zero volume growth, revenues at Rs 8,401 crore grew by 5.2 per cent year-on-year, while net profit expanded by 17.5 per cent to Rs 1,296 crore. What's also comforting is the 180 basis points (bps) year-on-year increase in operating profit margins to 21.9 per cent in June quarter. Interestingly, even gross margins (revenues less cost of goods sold) marginally increased to 52.1 per cent in Q1 ...
Revenue from the sale of products rose about 5% to Rs 9,094 cr
JM Financial expects HUL's volumes to come in flat, and sales to grow by 5% on 4-5% price-led growth
The food and beverages segment is growing at a healthy clip for HUL
The company had posted net profit of Rs 971.66 cr in the Oct-Dec quarter of the previous FY