Tag: HUL

HUL Dec-qtr net up 7% at Rs 1,037.93 cr

23/01/2017 17:14

FMCG major Hindustan Unilever Ltd (HUL) on Monday reported a growth of 6.8 per cent in its standalone net profit after tax at Rs 1,037.93 crore for the October-December quarter of FY17.

The company had posted a net profit of Rs 971.66 crore during the third quarter ended December 31, 2016, Hindustan Unilever Ltd said in a filing to the Bombay Stock Exchange on January 23, 2017.

However, HUL’s sales slipped 1.2 per cent to Rs 8,124.48 crore during the quarter under review as against Rs 8,226.55 crore in the earlier quarter.

It’s total income fell by 1.5 per cent to Rs 8,400.38 crore in Q3 FY17 from Rs 8,529.75 crore in Q3 FY16.

Commenting on the performance, HUL, Chairman, Harish Manwani said, “The gradual recovery of the market was temporarily impacted by adverse liquidity conditions. However, our performance demonstrated resilience and agility in this challenging environment. There are early signs of normalisation and our focus continues to remain on innovation led volume growth and improvement in margins. Our strategic agenda of delivering Consistent, Competitive, Profitable and Responsible growth remains unchanged.”

Meanwhile, shares of the company ended Monday’s trade at Rs 863.25 apiece, up 0.25 per cent, from previous close on BSE.

Markets trade lower; Tata Motors, HUL shares dip

18/11/2016 10:23

The key domestic benchmark indices were trading in a negative terrain in the morning trading session as lingering worries over the impact of demonetization of higher value currency notes by the government, on Asia’s third biggest economy continued to sour risk taking appetite.

Investors are worried that demonetization of Rs 500 and Rs 1000 notes to curb black money may severely hit small and medium sized businesses that mainly run on cash while also take a toll on short-term discretionary spending.

Shares of NBCC (India) Ltd and NHPC will be in focus as these companies reveal their September quarter earnings.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 26180.99 down by 46.63 points or by 0.18 per cent, while the NSE Nifty was at 8069.9 points, trading lower by 10.05 points or by 0.12 per cent.

The BSE Sensex touched an intraday high of 26272.84 and an intraday low of 26117.82 while the NSE Nifty touched an intraday high of 8104.65 and an intraday low of 8048.3

The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 155.45,+2.51 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 682.20,+1.71 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 277.30,+1.58 per cent), Mahindra & Mahindra Ltd. (Rs. 1231.00,+0.93 per cent), Reliance Industries Ltd. (Rs. 989.30,+0.82 per cent), among others.

Meanwhile, Tata Motors Ltd. (Rs. 465.40,-1.52 per cent), Hindustan Unilever Ltd. (Rs. 801.00,-1.37 per cent), Tata Consultancy Services Ltd. (Rs. 2113.00,-1.36 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 3166.00,-1.28 per cent), Tata Steel Ltd. (Rs. 388.55,-1.12 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2099 shares traded, 846 shares advanced, 1160 shares declined while 93 were unchanged.

On the global front, Asian stocks were trading higher today even as traders weighed Yellen’s comments as the Fed Chair indicated that a rate hike was probably imminent.US stocks were trading higher in the previous trading session as financial firms rallied after Yellen signaled that the Fed was set to raise interest rates soon, raising speculation of December tightening.

HUL Sept quarter net climbs 11.5% at Rs 1,095.6 cr

26/10/2016 17:55

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a growth of 11.5 per cent in its standalone net profit after tax at Rs 1,095.6 crore for the July-September quarter of FY17.

The company had posted a net profit of Rs 982.17 crore during the second quarter ended September 30, 2016, Hindustan Unilever Ltd said in a filing to the Bombay Stock Exchange on October 26, 2016.

HUL’s net sales up 1.5 per cent at Rs 8,335.12 crore during the quarter under review as against Rs 8,212.85 crore in the earlier quarter.

Further, it’s total income grew by 2.2 per cent to Rs 8,733.09 crore in Q2 FY17 from Rs 8,542.96 crore in Q2 FY16.

Commenting on the performance, HUL, Chairman, Harish Manwani said, “In challenging market conditions, we delivered another quarter of profitable growth. We remain focused on market development, consumer led innovations and an even sharper drive on operating efficiencies. With a good monsoon, we expect a gradual improvement in market demand and remain positive on the mid-long term outlook for the industry. Our strategic agenda of delivering consistent, competitive, profitable and responsible growth remains unchanged.”

The company’s board has declared an interim dividend of Rs 7 per equity share of face value of Re 1 each for the financial year ending March 31, 2017.

Meanwhile, shares of the company ended Wednesday’s trade at Rs 842.80 apiece, up 1.29 per cent, from previous close on BSE.

Post Session: Sensex ends 87 pts lower, Nifty settles below 8,700; Tata group shares fall

25/10/2016 16:37

The Indian benchmark indices ended tad lower on Wednesday, led by losses in frontline bluechip such as Tata Steel, M&M, Idea Cellular, GAIL and HUL, HDFC, Bharti Airtel and TCS, as sentiments remained weak in the absence of any positive trigger.

The 30-share BSE SENSEX closed at 28091.42, down by 87.66 points or by 0.31 per cent, and the NSE Nifty ended at 8691.3, down by 17.65 points or by 0.2 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 28211.41 and intraday low of 28013.69, while the NSE Nifty touched intraday high of 8722.65 and intraday low of 8663.45.

On the corporate front, shares of Tata group companies witnessed selling pressure after Tata Sons removed Cyrus Pallonji Mistry as chairman of the conglomerate and appointed Ratan Tata, chairman of Tata Trusts as interim chairman for four months.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1303.00,-2.72%), Tata Steel Ltd. (Rs. 415.50,-2.51%), GAIL (India) Ltd. (Rs. 434.90,-2.02%), Hindustan Unilever Ltd. (Rs. 832.05,-2.00%), Oil And Natural Gas Corporation Ltd. (Rs. 289.10,-1.30%), among others.

On the flip side, Adani Ports & Special Economic Zone Ltd. (Rs. 312.60,+9.43%), Dr. Reddy’s Laboratories Ltd. (Rs. 3200.45,+3.59%), ICICI Bank Ltd. (Rs. 289.10,+1.60%), Axis Bank Ltd. (Rs. 529.05,+1.49%), Bharti Airtel Ltd. (Rs. 311.05,+1.48%), were among top gainers on BSE.

On the sectoral front, IT and FMCG stocks were among top losers on BSE, falling as much as 0.84 per cent and 0.83 per cent respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 3179, shares advanced were 1431 while 1496 shares declined and 252 were unchanged.

Positive trade continues at D-Street; PSU, Bank stocks lead

24/10/2016 13:29

Indian equity benchmarks were trading in the positive territory during the afternoon session on Monday on increased buying by funds and retail investors amid firm cues from fellow Asian peers.

At 1:02 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,186.15, up by 108.97 points or 0.39 per cent while the NSE Nifty was at 8724.35, up by 31.3 points or 0.36 per cent.

Buying momentum was witnessed mainly in the public sector undertaking and banking sector stocks.

Meanwhile, volatility remain high at the domestic bourses as traders roll over their positions ahead of October Futures & Options (F&O) expiry on Thursday.

Also, traders keenly eyed the September quarter earnings of Adani Power, Axis Bank, Idea Cellular, Reliance Capital, Asian Paints, Bharti Airtel, Dr Reddy’s, HDFC Bank, HDFC, Hero MotoCorp, HUL, ITC, IOC, Maruti Suzuki India and ONGC which will be unveiled this week.

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 285.50,+2.81%), Adani Ports & Special Economic Zone Ltd. (Rs. 292.65,+2.41%), State Bank of India (Rs. 264.05,+2.19%), Lupin Ltd. (Rs. 1527.05,+1.88%), Tata Motors Ltd. (Rs. 554.30,+1.79%), among others.

Major show spoilers were Wipro Ltd. (Rs. 482.50,-3.35%), Asian Paints Ltd. (Rs. 1135.00,-1.60%), Bharti Airtel Ltd. (Rs. 306.00,-1.10%), Axis Bank Ltd. (Rs. 521.90,-0.89%), Infosys Ltd. (Rs. 1031.05,-0.68%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2936 shares traded, 1724 advanced while 966 shares declined and 246 remained unchanged.

On the global front, most of the Asian markets ended in the green.

Market cap of top 8 Sensex firms jumps Rs 21,296 cr

Market cap of top 8 Sensex firms jumps Rs 21,296 cr

14/03/2016 15:33

The overall market capitalisation of eight of the top ten Sensex firms climbed by Rs 21,296 crore last week led by HDFC which emerged as the biggest gainer, while Infosys and CIL were the lone losers.

The market cap of HDFC jumped by Rs 4,777.47 crore to Rs 183,004.82 crore last week when the 30-share Sensex logged a second straight weekly gain, advancing by 72 points to end at 24,717.99 driven by robust foreign fund flows amid hopes that the RBI may cut interest rates as the government stuck to its fiscal prudence commitment, and on strong global cues after ECB’s robust easing measures and an oil price rally.

ITC witnessed an Rs 4,100.76 crore rise in its market value to Rs 258,187.17 crore last week while the market cap of ONGC surged by Rs 3,507.75 crore to Rs 175,473.10 crore.

The market capitalisation of RIL surged by Rs 3,012.13 crore to Rs 329,082.12 crore while that of drug major Sun Pharma climbed by Rs 2,539.03 crore to Rs 208,838.67 crore.

HDFC Bank’s market cap advanced by Rs 1,870.26 crore to Rs 259,928.45 crore last week while that of TCS jumped by Rs 1,369.45 crore to Rs 466,203.25 crore and that of HUL rose by Rs 119.01 crore to Rs 183,745.09 crore.