Growth in volumes in the recent past was affected due to a significant surge in product prices
Indian FMCG giant's m-cap is touched $77 billion as compared to $115 billion of Unilever that holds 62 per cent in HUL
However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then
FMCG companies also expect volume decline to continue in the rural side but see some stabilisation in the business and recovery in demand, starting from the third quarter of FY23
HUL CEO Sanjiv Mehta and UP Chief Minister Yogi Adityanath virtually unveiled the spray dried detergent factory and co-located distribution centre
Revenue was up 19.6% YoY and profit up 13.5% YoY, its highest-ever quarterly figures
Mehta also suggested that the government could use the "huge amount of reserves" to prevent the rupee from depreciating rapidly.
Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal
Sanjiv Mehta will join Unilever Indonesia's board of commissioners and chair it in a non-executive capacity
Country going through probably the most difficult economic situation, says chairman
The company's board has recommended a final dividend of Rs 19
Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.
Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL. Terming such reports as "completely false, fabricated and baseless", MDH in a message posted on its official Twitter account urged people "not to believe such rumours". "MDH Pvt Ltd is a legacy, which Mahashay Chimi Lal Ji and Mahashay Dharampal Ji nurtured all their lives, and we are committed to taking that legacy forward with all our heart," said a message from MDH Chairman Rajeev Gulati. FMCG major HUL, which owns popular household brands such as - Lux, Lifebuoy, Surf Excel, Rin, Wheel, Ponds - declined to comments on the issue. "We do not comment on market speculation," said an HUL spokesperson. A report had claimed HUL is in talks with the Delhi-based Mahashian Di Hatti Pvt. Ltd (MDH) to buy a majority stake. It had further claimed that the value of this deal may be anywhere between Rs
Distributors likely to take a decision on Tuesday
While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards
U-Work scheme, offered globally by Unilever, gives employees a flexible association with the company
According to the technical analyst from Anand Rathi, after Monday's movement ICICI Bank also looks good on chart for an upside target of Rs 840
Better underlying consumer demand, resilience in the rural markets and strong recovery in both home care and beauty & personal care categories are likely to drive revenue growth
Higher demand for discretionary products and price hike to support margins
Quick service restaurant Pizza Hut on Wednesday said it has partnered with Hindustan Unilever to add the FMCG firm's Kwality Wall's ice cream and desserts to its dine-in as well as the delivery menu