Hindustan Unilever

Godrej Consumer believes that due to an increase in soap prices, unseasonal rainfall, and slowdown in sales of its home insecticides (HI) segment a 'flattish' underlying volume growth

As Vim is the leader in the dishwashing space, the company has now entered the floor cleaning category with the same brand

In personal care, it said that four of its brands are in the Rs 1,000 crore category

For the purpose of the proposed demerger, the board has also approved the incorporation of a wholly owned subsidiary

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The FMCG major's revenue increased by 1.9 per cent year-on-year (Y-o-Y) to Rs 15,926 crore

Q2FY25 company results: AU Small Finance Bank, Bajaj Finserv, Birla will also be among the 73 companies to released their second quarter results on Oct 23

Hindustan Unilever's (HUL) Earnings before interest, tax, depreciation, and amortisation (Ebitda) is likely to remain flat at Rs 3,698.7 crore on an average

HUL share price today: The management expects demand to improve in the coming quarters while Ebitda margins are expected to remain at current levels

In its stock exchange filing, the company said that the board also accorded its approval to explore potential structures and alternatives for the same

HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department

Hindustan Unilever's chief financial officer, Ritesh Tiwari, also said while talking about advertising spend, that the company continued to invest competitively in its brands

Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations

According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,586.9 crore and net profit at Rs 2,601 crore for Q1 FY25

The company, a unit of UK's Unilever, reported a 2.7% rise in profit to Rs 2,538 crore ($303.23 million) for the quarter ended June 30

The FMCG sector is hoping for demand recovery with hopes of a better monsoon helping rural demand and expectations of a pro-consumption Budget

HUL selling Pureit: HUL has been offloading non-core brands for a while now, as it wants to focus on core areas

The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A. O. Smith said in its release

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

Talking about trends that emerged during testing of over 1,400 Indian ads for the 4th edition of Kantar's Creative Effectiveness Awards, Mohanty said that hyper-regionalisation is now gaining steam