Latest Updates on Hindustan Unilever
Hindustan Unilver reported a 6.8% growth in profits in October- December quarter 2016 on 23rd January 2017. Net profit rose to Rs 1,037 cr from 971 cr (numbers are according to the filing on the stock exchange. And total revenue fell 0.8% t0 8318. Company also said that the steep rise in raw material prices forced it to take a price hike in the quarter October - December 2016.
Hindustan Unilever is expecting to post its Q3 numbers on 23rd January 2017, (Monday)
as per news on 19th January 2017.
Market is expecting that HUL to post sales of Rs.7530cr during December 2016. While net profitmay stand at 970 cr. The sales are exptecting to be inline with its December 2015 numbers. The promoter of the company stood at 67.2%, non institutions at 18.89 and 13.91 respectively.