HUL Results

Hindustan Unilever (HUL) reported a net profit of Rs 2,591 crore as compared to Rs 2,668 crore which translates to a decline of 2.8 per cent

On October 22, foreign institutional investors continued their selling spree, offloading shares worth Rs 3,978.61 crore, while domestic institutional investors bought shares totaling Rs 5,869.06 crore

Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.

The fall came after the company announced a mixed set of March quarter (Q4FY24) results. Hindustan Unilever's profit dipped 1.6 per cent to Rs 2,558 crore, from Rs 2,600 crore a year ago

Stock market preview Thursday, April 25: Global mood turns bitter as Nasdaq futures fall post Meta guidance; HUL, Axis Bank and Indian Hotels to react to Q4 numbers on Dalal Street.

The market price of HUL has fallen below its previous low of Rs 2,393, hit on March 15, 2023. It is trading at its lowest level since July 2022

Competitive intensity to remain high, say brokerages as they take a cautious view

HUL Q1FY24 preview: As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent

But volumes, top line, and operating performance below expectations

TMS Ep352: HUL Q3 results, China's population woes, markets, RRTS

What do HUL results tell us about India's rural economy? What can India learn from China's population woes? How are markets placed ahead of the Budget 2023? What is the RRTS? All answers here

Net profit rises 22.2% on 16.1% increase in revenue

Stock market live updates: At 7:25 AM, the SGX Nifty Futures quoted at 16,512 levels, indicating a gap-up of 172 odd-points.

The HUL chart has seen breakout of the 'Inverse Head and Shoulder' after the stock conquered the Rs 2,400-level, thus indicating an upside target of Rs 3,000 in the medium-term.

Revenue was up 19.6% YoY and profit up 13.5% YoY, its highest-ever quarterly figures

HUL Q1 results: Analysts say that the FMCG company's profit margins will continue to bear the brunt of high commodity prices, which were at peak highs for the most part of the quarter.

In the near-term, operating environment will continue to remain challenging, says HUL CMD

Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.

The company declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022

Signs of a strong corporate earnings season lifted demand for risky equities

Analysts at ICICI Securities expect Hindustan Unilever (HUL) to post 15.4 per cent year-on-year (YoY) revenue growth at Rs 11,322.3 crore in the December quarter