ET Intelligence Group: Hindustan Unilever (HUL), India’s biggest consumer goods company, slumped nearly 4% Saturday after the December-quarter earnings underscored demand fragility, particularly in the price-sensitive product categories, causing revenue to flatten after subdued volume expansion for the second consecutive quarter.Volumes expanded at a muted 2%, but the impact of price reductions led to flat … Read more
Shares of Hindustan Unilever (HUL) fell over 3% to the day’s low of Rs 2,487 on Saturday following its December quarter earnings where the fast-moving consumer goods (FMCG) sector bellwether reported disappointing earnings on Friday. The commentary by a couple of brokerages was uninspiring for investors with CITI reiterating an ‘Equal Weight’ rating, while Nuvama … Read more
Fast moving consumer goods bellwether is seen reporting double-digit growth in the revenue for the quarter ended September, led primarily by price hikes and some rise in sales volume. The revenue is seen rising nearly 15% on year to Rs 14,600 crore, the average of estimates given by eight brokerages showed, and this will largely … Read more
() is likely to report double-digit growth in both sales and profit in the June quarter. Higher input cost may hurt margin, analysts said, while pegging volume growth at 3-4 per cent for the quarter. Kotak Institutional Equities expects standalone profit to rise 12 per cent YoY to Rs 2,196.60 crore from Rs 1,962 crore … Read more
New Delhi: Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers. While Reliance Industries, HDFC Bank, Hindustan Unilever, Bharti Airtel and HDFC emerged as the gainers from the top-10 pack, Tata Consultancy Services, Infosys, ICICI … Read more
NEW DELHI: Eight of the top-10 most-valued companies together added Rs 81,250.83 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. Only Reliance Industries Ltd and Infosys took losses in their market capitalisation for the week closed on Friday. Rest eight companies — Tata Consultancy Services, HDFC Bank, Hindustan … Read more