HUL shares fall nearly 4%; m-cap tanks ₹23,941.91 crore

<ul><li>The stock went lower by 3.84 per cent to settle at ₹2,548.35 apiece on the BSE. During the day, it fell 4.28 per cent to ₹2,536.65.</li></ul>

Should you buy, sell or hold HUL stock after Q3 earnings? Here's what top brokerages say

HUL’s standalone net profit climbed to ₹2,505 crore for the three months ended December 31, 2022, from ₹2,243 crore a year earlier.

Hindustan Unilever Q3 net profit rises 7.9% to ₹2,481 crore

HUL reported a 7.9% increase in its consolidated net profit at ₹2,481 crore for the 3rd quarter ended Dec 31, 2022. Total income rose 16.35% to ₹15,707 crore, while expenses stood at ₹12,225 crore. The board approved a new royalty and central services arrangement with Unilever Group, increasing fees from 2.65% to 3.45%. CEO Sanjiv Mehta said the company had sustained its strong momentum and remained optimistic of a gradual recovery of consumer demand.

<ul><li>Its consolidated total income during the quarter under review rose 16.35 per cent to ₹15,707 crore against ₹13,499 crore a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.</li></ul>

HUL records new 52-week high after acquiring stakes in two nutrition brand cos; brokerages place a ‘buy’ call

Shares of Hindustan Unilever hit a new 52-week high of ₹2,724.70 apiece in Friday's intra-day after the company announced the acquisition of a majority stake in OZiva and a 19.8% stake in Wellbeing Nutrition. The stock also ranks among the top gainers in the Nifty FMCG index, with a return of 16.5 percent in the past one year.

FMCG stocks fell 2-6% in the last week on inflation worries; Nifty FMCG index is down 2.5%; What happens next?

The Nifty FMCG index fell 4.1%, or 1,895 points, from its recent 52-week high of 45,080 points. The index has corrected by nearly 2.50% in the last week alone. Varun Beverages and Godrej Consumer Products were the biggest index losers last week, falling 6.5% each.

Companies need to be prepared for continued or higher inflation: HUL's Sanjiv Mehta

The unprecedented inflation is not homegrown but has been caused by several global factors, including supply chain disruption due to the pandemic and Ukraine-Russia war, he said while speaking at the FICCI LEADS 2022 event here.

Sales growth in India strong during first half of this year, says Unilever

While Covid-19 restrictions have been eased in most markets, the lockdown in China affected consumers, particularly in the second quarter.

ITC vs HUL: Which FMCG major should you pick for the long term? 

In the last 5 years, while HUL has more than doubled investor wealth, rising around 125 percent, ITC has only added 3 percent.

Edelweiss Securities raises target prices on FMCG major HUL; sees a 17% upside in the stock

HUL's share price went from ₹2,657 to ₹2,604 levels delivering a return of over 2 percent since its Q1 result announcement on July 19. The stock has climbed from ₹2,205 to ₹2,604 in the last one month, generating a return of 18.09 percent.

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HUL shares fall nearly 4%; m-cap tanks ₹23,941.91 crore

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