Latest Updates on Hindustan Unilever
Hindustan Unilver on 24th May 2017 touched its all time high at Rs. 1038
on BSE, stock up by 1.7%. Overall market trend was dull with
range bound zone. From the last four trading days stock price of
Hind Unilver gained more that 5% after the GST Council, at its
meeting held in Shrinagar approved rates for a number of
categories. Because of GST move, FMCG companies will see a wider
market to trade. HUL deals in major categories i.e home care,
personal care, food & refreshments.
From the last 1 month stock outperformed the market by 15% as compared to 2.2% gain in Sensex and 6% rise in BSE FMCG index.
"HUL was facing a tough time from many quarter with factors like increasing raw material price, less demand from rural and urban consumers, increasing distribution channel, last quarter demonetization happened, etc. however during March quarter (first quarter after demonetization) HUL faced the challenge and price of input cost moderated, market environment stabilized and in turn gave profitable volume growth," analysts at KRChoksey Shares and Securities said in a result update
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.