Tag: hul

Shares of Hindustan Unilever (HUL) dipped 4 percent to Rs 2,540 on the BSE in Friday’s intra-day trade after the company's board approved an increase in the payment of royalty and technical fees to its parent Unilever. It said the royalty fee it pays to parent Unilever Plc has been hiked by 80 basis points and will be effected in a staggered manner over a period of 3 years.HUL said the royalty fee — an amount paid by a third party to an owner of a product or patent for the use of that product or patent — to Unilever PLC will be hiked from 2.65 percent of sales to 3.45 percent (80 basis points) in a staggered manner over three years till 2025.HUL’s royalty fee will increase by 45 bps for February to December 2023, by further 25 bps for 2024, and another 10 bps for 2025. These royalty changes are included in management’s double-digit EPS growth targets for the medium to long term announced during the investor day in November 2022. Read more

Shares of Coforge dipped 6 percent to Rs 4,260 on the BSE in Thursday's intra-day trade after 10 percent of the total equity of the information technology (IT) consulting & software company changed hands on the BSE. The promoter company Hulst BV sold over 60 lakh shares of the company worth Rs 2,689 crore, at an average price of Rs 4,329 apiece. Hulst BV sold almost 10.2% of its stake in the IT company. It held a total equity stake of 49.97% in the company as of Dec 31, 2021, after selling 83.5 lakh shares through block deals last year. In the past three months, the stock has underperformed the market by falling 19 percent, as compared to a 5 percent decline on the S&P BSE Sensex. The stock had hit a record high of Rs 6,133 on January 4, 2022. Over the past calendar year, Coforge’s CEO & Executive Director, Sudhir Singh sold about Rs 342 million worth equity shares of the company at Rs 5,381 apiece.

The Indian benchmark indices today(21 January 2022) made a sharp recovery in early morning trade after starting the session with heavy losses. The BSE Sensex was now at 59,180, down 284 points. This was nearly 500 points higher from its day's low. The NSE Nifty, on the other hand, was at 18,670, lower by 86 points. The indices were seen recouping losses on the back of buying in FMCG major HUL(up 2 percent), HDFC, TCS, ITC (up nearly 0,5 percent each), and PowerGrid (up 1.6 percent). On the Nifty, Hindalco, Bajaj Auto, Tata Consumer Hero MotoCorp were the additional gainers. Meanwhile, the top losers were Bajaj finserv, Tech M Coal India, Divis Labs, Dr. Reddy's, Adani Ports, Axis Bank, Kotak Bank, and Shree Cement. Sectorally, auto, and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.

HUL could be gaining market share in the fabric care business. So that is happening right now and probably would continue in the forthcoming quarters, say experts. According to the prima facie, the HUL numbers are upbeat. In their estimates, both profit, as well as the EBITDA numbers, look higher than what is estimated. Even the revenue number is slightly higher than what they estimated. So the numbers overall look good. We will have to look at it in terms of the volume numbers and the second important factor will be the gross margins. "We were estimating around 5% volume growth for the quarter but the number could probably be slightly higher or in line. We will have to wait and watch out for the volume numbers but our estimate was 5% for the quarter" they say. Read more

In today's(18th June 2021) intra-day session Indian benchmark equity indices slumped over 1 percent but made a sharp V-shaped recovery to end the day with little change. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG, and select private bank stocks tried to limit the losses. The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 percent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 percent. The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.70 percent and 0.89 percent down, respectively. Read more

Hindustan Unilever (HUL) today(29th April 2021) reported standalone net profit at Rs 2,143 crore for the March quarter of the financial year 2020-21 (Q4FY21), up 41.07 percent year-on-year (YoY). The company had reported a profit of Rs 1,519 crore in the same period last year. On a sequential basis, the figure jumped 11.55 percent from Rs 1,921 crore posted in the December quarter. The revenue during the quarter under review jumped 34.63 percent YoY to Rs 12,132 crore in comparison with Rs 9,011 crore in the same period last year. It climbed 2.27 percent quarter-on-quarter (QoQ). The March quarter results beat analysts estimates on the profit front as brokerages had estimated the figure to grow between 11-32 percent YoY. While they had projected the figure to be flat on a QoQ basis. Even the March quarter revenue beat analysts estimate marginally.

Hindustan Unilever (HUL) share price fell over 2 per cent to Rs 2,133 apiece in intraday deals on BSE on Tuesday after the Company reported an 8.7 per cent year-on-year (YoY) rise in its net profit at Rs 2,009 crore for the second quarter of the current fiscal year (Q2FY21). The company had logged a profit of Rs 1,848 crore in the year-ago period. Total sales (revenue) of the company increased 16 per cent during the quarter to Rs 11,442 crore, against Rs 9,852 crore in the year-ago period. The board also declared an interim dividend of Rs 14 per share. The record date for the purpose of determining the entitlement for payment of the interim dividend is fixed as October 29, 2020. HUL’s earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter came at Rs 2,869 crore, which registered a 17 per cent on-year growth. Read more

InterGlobe Enterprises of Rahul Bhatia today (15th MAy 2020) said that they are interested in Virgin Australia, the airline that has filed for bankruptcy as travel restrictions due to Coronavirus impacted its financing. InterGlobe (owner of low-cost carrier IndiGo) is among 22 suitors, who have shown interest to bid for Virgin Australia. Virgin Australia, which went into administration last month and reportedly owes more than $7 billion, will help provide access to the Australian domestic market. The biggest reason for so much interest in Virgin Australia, experts say, could be because the Australia law does not have any restriction on ownership be in their carrier- India limits it at 49%.

FMCG sector Hindustan Unilever (HUL) shares jumped over 4 per cent to Rs 2,075 in the morning trade on May 8 after Societe Generale, a French multinational investment bank and financial services company had bought 1.29 crore shares of the company at Rs 1,902 per share. The stock is among the most active stocks on NSE in terms of value with 23,62,605 shares being traded at 09:30 hours. On Thursday, UK-based Glaxo-SmithKline (GSK) and Horlicks Limited offloaded 5.69 per cent stake in HUL via block deals. For the quarter ended March 2020, HUL last week reported a 7 per cent decline in volumes. Profit before tax fell 10.6 per cent to Rs 1,992 crore for the period, while net profit declined 1.2 per cent year-on-year (YoY) to Rs 1,519 crore in Q4. Global research firm Credit Suisse has maintained its outperform call on the stock with the target at Rs 2,400 per share.