Hindustan Uniliver Ltd

Hindustan Unilever stock hits 9-month low; slips 26% from September high

Shares of FMCG company hit an over nine-month low of Rs 2,247.20, down 2 per cent on the BSE in Wednesday's intra-day trade amid concerns of moderate growth in the near term.

HUL announces demerger of Kwality Wall's ice cream biz into listed entity

Hindustan Unilever Limited has approved the demerger of its ice cream business, Kwality Wall's, which will become a separately listed entity, with shareholders receiving shares in the new company

Ceat, HUL facilities join Global Lighthouse Network of WEF to innovate

Two India-based facilities of tyre maker CEAT and FMCG major Hindustan Unilever Ltd have joined the Global Lighthouse Network of the World Economic Forum for transforming manufacturing through innovation. Announcing 17 new members to the network, the WEF on Tuesday said this community of 189 industry leaders is pioneering the use of cutting-edge Fourth Industrial Revolution technologies in manufacturing. Other new members are based in the United Arab Emirates, China, Germany, Malaysia, Saudi Arabia, Taiwan, United Kingdom, United States and newcomer Morocco, home to the first Lighthouse site in Africa. The latest cohort of Lighthouses has observed an average 53 per cent boost in labour productivity and 26 per cent reduction in conversion costs attributed to various digital solutions such as AI, machine learning, advanced analytics and more, the WEF said. On Sriperumbudur facility of CEAT Ltd, the WEF said, "To support global expansion, CEAT needed to manage three times more SKUs ..

HUL incorporates new subsidiary Kwality Wall's for ice cream business

FMCG major HUL on Friday said it has incorporated a new subsidiary Kwality Wall's for the proposed demerger of the ice cream business of the company. Kwality Wall's (India) Ltd (KWIL) has been incorporated "for the purpose of the proposed demerger of the company's ice cream business, which is currently under evaluation by the Board of the company," the FMCG major said in a regulatory filing. HUL will own 100 per cent of the issued and subscribed share capital of KWIL. Earlier on November 25, 2024, HUL approved the demerger of the ice cream business, which owns brands like Kwality Wall's, Cornetto and Magnum into an independent listed entity. The existing shareholders of the FMCG major will receive shares in the new entity in proportion to their shareholding in HUL, it had said. The board of HUL decided to de-merge the ice cream business, based on the recommendation of the Independent Committee, which was formed by the FMCG major earlier in September 2024. The Independent Committe

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...

FIIs up long bets in Nifty, long-short ratio hops to 3:1; retail add shorts

Derivatives market update for Sept 23: FIIs net bought over 1 lakh contracts of Nifty futures and 25,878 contracts of Bank Nifty futures on Friday. Retail investors hold 2 shorts for every long bet.

HUL sees profit booking after Q1FY25 results beat estimates; down 3%

Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.

Mission 2025 group urges governments to aim more ambitious climate goals

Corporate backers include consumer goods company Unilever, the world's biggest furniture retailer IKEA and British sustainable energy company Octopus EV

Mission 2025 group urges governments to aim more ambitious climate goals

Corporate backers include consumer goods company Unilever, the world's biggest furniture retailer IKEA and British sustainable energy company Octopus EV

Whirlpool hits 52-week high on signing new marketing pact with HUL

The uptick in stock price came after the Whirlpool of India and Hindustan Unilever Ltd announced a new marketing alliance for Surf Excel, the laundry brand of the FMCG player

How is Amit Shah's portfolio performing as BJP limps in Lok Sabha polls?

Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)

HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'

Rebranding offers clearer and more transparent representation of the product category, says company

P&G India appoints Kumar Venkatasubramanian as CEO effective May 1

Current CEO LV Vaidyanathan resigns after 28 years at P&G

Hindustan Unilever hits fresh 52-week low; brokerages share mixed outlook

Analysts at Emkay Global Financial Services believe demand slowdown, competitive pressure, distribution stress, and rising royalty rates are likely to have an overhang on HUL's valuations.

HUL to cut prices of soaps, detergents to keep local competition in check

Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits

Hindustan Unilever Q2FY24 results: Net profit at Rs 2,657 cr; income up 3%

The total income for Q2FY24 came in at Rs 15,806 crore, compared to Rs 15,253 crore year-on-year

Dawn of a new 'I' age: Why brands need influencers today

Influencer marketing becomes mainstream with incumbents such as HUL and Marico using them, and not only for brand awareness

Unilever's venture capital arm invests in health & wellness startup

FMCG major Unilever's venture capital arm Unilever Ventures has invested Rs 14.40 crore in health and wellness company What's Up Wellness to ramp up the startup's team and product development. "The (seed) funding round was led by its sole new investor, Unilever Ventures...Notably, this marks Unilever Ventures' first investment in a health & wellness company," Gurugram-based What's Up Wellness said in a statement on Wednesday. The funding round also saw participation from a few of What's Up Wellness' existing investors, it said. "Investment in What's Up Wellness is in line with our strategy of supporting and investing in promising indie brands in the health & wellness space. India presents a large opportunity for the wellness segment and What's Up Wellness, with its innovative and modern formats, aims to capture this fast-transforming market," said Pawan Chaturvedi, Partner-Asia at Unilever Ventures. What's Up Wellness said it will utilise the fresh fund towards ramping up its .

Unilever CFO Pitkethly to leave company by May 2024 as inflation worsens

The announcement of his departure comes as Unilever, like the rest of the consumer goods industry, is grappling with significant cost inflation and pressure on its margins

Price hikes to drive HUL Q4 revenue, ad-spends to dent margin: Analysts

According to brokerages, a sequential expansion in Ebitda margins is expected, amid tapering commodity cost inflation