Tag: hindustan unilever

Hindustan Unilever today(20th January 2022) reported a 17% jump in net profit at Rs 2,243 crore for the quarter ending December 31, 2021, as it gained market share in both urban and rural areas as India emerged from coronavirus-related lockdowns. It posted a net profit of Rs 1,921 crore in the year-ago period. Growth in the quarter was competitive and profitable with domestic consumer growth of 11%. Business fundamentals remained strong with handsome market share gains in all our divisions, both urban and rural markets and across price segments. Underlying volume growth at 2% was significantly ahead of the market, the company said in a stock exchange filing. Read more

The Indian markets opened on a positive note today (13th Oct.2021), with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent. The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in opening deals, and was up 83 points at 18,075. Tata Motors zoomed 15 per cent to Rs 483.90 on the BSE after the company secured funding up to Rs 7,500 crore from TPG for its electric vehicle arm. This is the first major fundraising by an Indian carmaker to push mobility. Read more

After clocking a big rally, Hindustan Unilever shares may take a breather before hitting fresh record highs, according to some analysts. They are expecting up to 19 percent upside from current market levels, deriving comfort from the company’s long-term growth strategies, along with an increase in prices to protect margins. "The management, during its Annual Investor Meet, appeared upbeat on the medium-term growth outlook and maintained double-digit EPS growth. The commentary emphasized significant leverage on data analytics and technology across functions, which will be a competitive advantage, going ahead," said a report by Emkay Global Financial Services dated September 12. It, however, added that post the recent run-up, there is limited upside potential in the stock. Read more