
HUL Q4 profit up 9.7% to ₹2,552 cr on strong topline growth
HUL revenue from operations surged 10.6% to ₹15,053 crore; board recommends dividend of ₹22
HUL revenue from operations surged 10.6% to ₹15,053 crore; board recommends dividend of ₹22
The FMCG major’s transformation journey has created job opportunities such as digital marketing, AI specialists in planning and supply chain functions, within the company.
How legacy FMCG companies staged a comeback in their battle with new-age brands by investing in data-led strategies, acquisitions and premium product portfolio.
In the selloff which began on January 24, Adani group stocks have suffered a cumulative market cap loss of ₹11,43,702 crore.
The FMCG major has signed a deal to sell its 'Annapurna' and 'Captain Cook' food brands to Singapore-based Uma Global Foods and Uma Consumer Products for ₹60.4 crore.
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.
HUL’s 3Q results were in line with expectations; however, hikes in royalty and central service fees remained key concerns.
Growth was ahead of the market with more than 75% of the business winning market shares, says HUL.
HUL is expected to post double-digit growth in both profit and revenue on a yearly basis, but sequentially the top and bottom lines are likely to be muted due to inflation headwinds.
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.