HUL share price: Goldman Sachs upgraded HUL shares to 'Buy' from its earlier 'Neutral' rating, and raised its target price to Rs 2,900 per share.
Volume growth of 4 percent in the June quarter is twice the March quarter's level. But margins are under pressure. HUL appears to have turned a corner on sales growth, giving new CEO Priya Nair more space to roll out her agenda
This comes a day after HUL announced that its CEO Rohit Jawa has stepped down from his role, and will be replaced by Priya Nair.
Priya Nair will takeover as the CEO of the FMCG giant from August 1, replacing Rohit Jawa.
Rohit Jawa is stepping down as HUL’s MD & CEO and Priya Nair will be taking over charge from August 1. What her mandate is as the new chief will determine her tenure’s impact on the company’s performance
India has reduced the basic customs duty on crude palm oil, crude soy oil, and crude sunflower oil from 20 percent to 10 percent, effectively from May 30.
United Breweries, United Spirits, HUL shares also saw selling pressure
The sharp fall in Dabur's share price spilled over to other FMCG stocks as well, pushing the Nifty FMCG index down nearly 1% to become the worst performing sectoral index on NSE.
When asked if US President Donald Trump's tariffs posses a threat to HUL, the executive said that the FMCG player is a local-for-local business. The softening of crude oil amid the rising uncertainties will benefit the economy and consumers, thus in turn helping the firm, he said.
Nestle and Tech Mahindra shares also advanced up to 3 percent ahead of the results.
Hindustan Unilever Q4 FY25 Results: FMCG major HUL declared fiscal fourth quarter results today. According to poll estimates, the company's net profit was expected to rise by a muted 3.1 percent.
Hindustan Unilever is due to announce its fiscal fourth quarter results today, with a likely declaration of a final dividend for the year. The stock rose nearly 1% a day ahead of results, and has beaten Nifty 50 over the last one month.
After a preliminary hiring on April 16, the Delhi High Court said that the Lakme ad appears to be 'disparaging' and has sought a response from Hindustan Unilever.
Nestle India and Hindustan Unilever shares fell after BofA downgraded the stocks to 'underperform' from 'neutral' and 'neutral' from 'buy'
Fernando Fernandez believes US and India are Unilever’s main anchor markets and ‘accelerating in India is very important’ to him. HUL’s Investors will agree
Unilever board’s bid to accelerate the pace of change by appointing a new CEO is likely to have a knock-on effect in one of its key markets—India
The FMCG major saw a 19 percent growth in its Q3 profit driven by a one time exceptional gain from the divestment of its water purifier business Pureit
A separately-listed company post-demerger gives investors the options for staying invested in a business with high growth potential or divesting it if they don’t have the appetite for it
The parent company’s hunger for protecting market leadership, accelerating growth as India’s economy transforms and rolling out parts of a global strategy locally could lead to better growth outcomes
Rural demand may be recovering but its bigger counterpart in cities appears to be under pressure. What are the likely reasons and should investors be worried?
This portfolio restructuring will enable HUL to sharpen focus on the core business, it said
Arun Neelakantan, currently Chief Digital Officer, started his career with HUL as Key Account Manager in Modern Trade in 2006 after completing his Bachelor's Degree from IIT Madras, Master's from Penn State University followed by an MBA from Indian School of Business
The FMCG bellwether is eyeing to clock a double-digit earnings per share (EPS) growth going ahead said chief financial officer Ritesh Tiwari
Unilever’s decision to demerge the ice cream business has been taken in view of its slow growth and potential. But in contrast, for HUL in India, ice cream is a rapidly growing segment helped by long summers
Jawa looks forward to replicating HUL's success in beauty care and packaged foods, expressing a commitment to establish the company as a leading player in these domains