
HUL shares dip 4% post Q3; what should investors do?
HUL’s 3Q results were in line with expectations; however, hikes in royalty and central service fees remained key concerns.
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.
The investment in two D2C brands is part of HUL’s strategy to boost its presence in the health and wellness segment post acquisition of Horlicks.
Affected products are produced under Unilever brands like Dove, Nexxus, Suave, TIGI and TRESemmé. Unilever’s Indian unit HUL says it doesn’t make dry shampoos in India.
The BSE Sensex closed 524 points higher and the NSE Nifty rose 162 points in the one-hour special Muhurat trading session on Monday.
The one hour Muhurat trading session for Diwali 2022 will start at 6:15 pm and end after an hour at 7:15 pm.
Having successfully battled Covid blues, Sanjiv Mehta now rides on the twin engines of digitisation and growth to steer India’s largest FMCG company.
One can never predict a risk-free world, says Mehta