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Source: Live Mint Hindustan Unilever Ltd (HUL) has been struggling with muted revenue growth for the past few quarters, thanks to a combination of weak pricing and subdued volume growth. Demand conditions are still not particularly exciting, with urban demand moderating even as rural is recovering. At its recent capital markets day meeting, HUL’s management…
Source: Live Mint Fast-moving consumer goods (FMCG) giant Hindustan Unilever’s board on Monday, November 25, gave in-principle approval to demerge its ice cream business into an independent, listed entity. According to the filing, HUL shareholders will receive shares in the new entity in proportion to their existing holdings in the FMCG major. HUL has several…
Source: Live Mint Dividend stocks: Shares of major companies, such as Dabur India, Coal India, Hindustan Unilever Ltd, Patanajali Foods and others, are scheduled to trade ex-dividend starting on Monday, November 4, 2024, according to BSE. Some of the major companies have announced various corporate actions, including the extraordinary general meetings (EGM), bonus issue, and…
Source: Live Mint It was a foregone conclusion that Dabur India Ltd’s September quarter (Q2FY25) results would disappoint, as the company’s business update earlier this month had already cautioned of a weak quarter. Unsurprisingly, Dabur’s shares reacted with only a muted response. Read this | Dabur’s September-quarter update pours cold water on market hopes Consolidated…
Source: Live Mint Indian FMCG stocks have emerged as the worst performers in October so far, primarily due to a combination of factors that have negatively impacted investor sentiment. The disappointing performance in the September quarter has raised concerns among analysts and investors as many leading FMCG companies reported results that fell below expectations, prompting…
Source: Live Mint India’s largest household goods company Hindustan Unilever Ltd’s (HUL) struggle with muted volume growth is turning into a persistent concern. In the September quarter (Q2FY25), underlying volume growth stood at 3%, missing analysts’ expectation of 5%—hinting that India’s much-touted consumption story may be losing momentum. Weak demand, coupled with persistent food and…
Source: Live Mint Motilal Oswal Financial Services (MOFSL), in its latest report, said that Q2 will see the slowest earnings growth for Nifty companies in 17 quarters, caught between tailwinds and headwinds. After four years of robust double-digit growth, the slowdown in corporate earnings is expected due to pressures from commodity prices, diminishing tailwinds from…
Source: Business Standard 3 min read Last Updated : Sep 20 2024 | 3:20 PM IST Shares of Hindustan Unilever (HUL) hit a new high of Rs 2,983, gaining 2.5 per cent on the BSE in Friday’s intraday trade amid heavy volumes, on a healthy demand outlook. In the past six months, the stock…
Source: Live Mint Godrej Consumer Products Ltd’s (GCPL) investors are sitting on handsome gains with the stock rising 46% over the past year, steeper than the Nifty FMCG index’s 23% gain. The fast-moving consumer goods company is taking steps in the right direction, including continuous simplification of its business by reducing its stock-keeping units (SKUs,…
Source: Live Mint Buy or sell: The Nifty index concluded the week at 24,852, settling comfortably within the anticipated support zone of 24,800-24,900. Throughout the week, the index demonstrated notable volatility, oscillating between 24,800 and 25,400. The consistent close above the key support level of 24,600 suggests that the bullish trend may persist, with the…
