The company claimed that it has always maintained that GST is a progressive reform which will benefit consumers and the industry at large
Of the Rs 3.83 bn, half the sum is to be deposited in the central Consumer Welfare Fund and the other half in the similar funds of 35 states and Union territories
Nifty FMCG index, the largest gainer among sector indices, has risen 1.4% at 29,642, as compared to 0.15% rise in the Nifty 50 index, at 01:07 PM.
The FMCG major posted a 10 per cent volume growth during the quarter, compared with 12 per cent growth in the immediately preceding quarter and four per cent a year ago.
CMD Sanjiv Mehta said it would be beneficial to all if rules were spelt out by Centre
With celebrity ambassadors and a campaign around social taboos, the toilet-cleaner brand steps out of the closet
Analysts expect stable market demand seen in Q1FY19 to continue into the current quarter with rural growth outpacing that of urban
The deal includes the front-end distribution network of the ice cream business across geographies and is expected to be completed over the next few months
On a year-to-date basis, the stock has rallied around 29.19 per cent and has outperformed the Nifty FMCG index
HUL has been facing protest from non-government organisations for alleged mercury contamination
There will be little room for price hikes as we propose to pass on the net GST benefit to consumers
On NSE, shares of the company rose by 2.65% to close at Rs 1,095.35
HUL reported a growth rate of only 2.4 per cent in packaged foods for the quarter ended on March 31
Improvement in operating profit margin was the surprise element in Hindustan Unilever's (HUL's) March quarter (Q4) results. Most analysts had muted expectations, given the rise in prices of key inputs such as palm fatty acids and elevated advertising spending, leading to benign margin estimates. In contrast, HUL's margin inched up 98 basis points (bps) over a year to 20.4 per cent. Like its peers, HUL toned down its ad spends in Q4 but this is unlikely to sustain, believe analysts. Continued high competitive intensity will mean the company will have to invest in advertising and promotional activities to protect and grow its market share and volumes. However, the company does have a host of margin levers at its disposal. With parent Unilever's renewed focus on improving of margins, HUL is expected to follow. The management noted input cost inflation had moderated from earlier levels, which should help margins. Though the company is likely to pass on any benefits arising from lower ...
Set to overhaul business, rationalise costs in a bid to reach parent Unilever's new profit targets
Two giant brands get into a slugfest over the goodness of icecreams and frozen desserts
Hindustan Unilever reported a decline in volume growth for the September quarter after seven years
A razor brand was a key missing link and will pit HUL directly against Procter & Gamble's Gillette
A decline of 1% in volume growth was the lowest in seven years
Net sales increased 1.5% year on-year, touching Rs 8,335.12 crore for the quarter under review