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
Equity indices rebounded after three days of losses amid a firm trend in global markets. The 30-share Sensex jumped 496 points to settle at 71,683.23 and the Nifty climbed 160 points to end at 21,622. Stocks that were in focus included names like Metro Brands, which fell 3.84%, HUL, which rose 0.78%, and Titan, whose … Read more
Hindustan Unilever Ltd (HUL) is expected to report muted numbers for the quarter ended December in the backdrop of weak volume growth, price cuts, and rising advertising costs. India’s bellwether in the fast-moving consumer goods sector is expected to report a 6% year-on-year (YoY) growth in net profit to Rs 2,653 crore, on the back … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more
Top Gainers Ending on December 29, the Nifty benchmark index wrapped up the week with a 2.2% gain across the last five trading sessions, settling at a closing value of 21,731 and achieving positive closures in four out of the last five sessions. ETMarkets identified five stocks in the Nifty50 index throughout the week that … Read more
Brokerage firm CLSA maintained a buy on Amber Enterprises and Macquarie remained neutral on Nestle India. HSBC downgraded HUL to hold and Motilal Oswal upgraded PNB Housing Finance to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Amber Enterprises: Buy| Target Rs 3650 CLSA … Read more
Shares of Hindustan Unilever (HUL) fell over 2% to the day’s low Rs 2,493.85 on the NSE after domestic brokerages Kotak Institutional Equities and Nuvama cut their targets on the FMCG major following its September quarter earnings which were mixed. FMCG major Hindustan Unilever Ltd (HUL) has reported a 4% growth in its standalone net … Read more
Mumbai: India’s largest consumer goods firm Hindustan Unilever (HUL), considered a proxy for broader consumer sentiment in the country, reported a 4% increase in both net profit and sales in the September quarter, saying the market was gradually recovering as inflation is no longer a concern. This revival, however, is largely led by urban markets, … Read more