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The Economic Times
Unilever ready to defend India top spot with millions
Unilever is committed to defending its market leadership in India, ready to invest heavily or make acquisitions as competition grows. Hindustan Unilever remains a dominant player in home and personal care categories, with plans to grow 4-5 per cent by volume in an expanding economy.
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Fri, Sep 27, 2024
The Economic Times
Bombay HC dismisses HUL's plea for relief against TDS demand worth over Rs 963 crore
The Bombay High Court has dismissed Hindustan Unilever Limited's Writ Petition regarding a demand of INR 962.75 Crores by the Income Tax Authorities for non-deduction of TDS. The court allowed HUL to file a stay application within 15 days and advised the Department not to enforce recovery pending its disposal.
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Wed, Sep 25, 2024
Mint
ITC , HUL, Dabur, others share prices rise up to 26% in 6 months: Buy, Sell or Hold the stocks?
Stock Market Today: ITC Ltd, Hindustan Unilever Ltd, Dabur India, others share prices have risen up to 26% in last 6 months. The gains in share prices have been led by some improvement in demand, signs of recovery. Check for factors leading to improved prospects and stock picks by analysts
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Wed, Sep 18, 2024
The Economic Times
With Hourglass, HUL feels time is ripe to enter India luxury cosmetics
Hindustan Unilever is set to launch its global beauty brand Hourglass in India, marking its entry into the luxury cosmetics market. The brand will be available both online and offline. This move aligns with HUL's strategy to focus on high-margin, low-penetration categories and cater to the growing demand for premium beauty products in India.
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Tue, Sep 17, 2024
Mint
Stocks in focus: These three shares are among top bets by Motilal Oswal for this week
Brokerage firm Motilal Oswal has recommended three stocks - JK Cement, Havells India and Hindustan Unilever - to buy this week with decent upside move.
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Tue, Sep 17, 2024
Business Standard
Godrej Consumer MD and CEO Sudhir Sitapati throws weight behind Dhaval Buch
Godrej Consumer Products MD & CEO Sudhir Sitapati has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that it could be the side effects of what happens when the worlds of government and the private sector collide. Dhaval and Madhabi have been facing allegations of conflict of interest over providing consultancy services to corporates. In a post on networking platform LinkedIn, he said unless the context of the top professionals coming from the corporate world is understood, there could be a situation where no senior person from the private sector would ever consider a government job. Given the cusp of change India is at, "there is a lot of talent in the private sector that the government could use, and we probably need to reconsider our old socialist biases against everything private," he said. "I have known of and then known Dhaval Buch for the 22 years that I worked at Hindustan Unilever. I was much his junior, but in a ...
The Economic Times
Sensex, Nifty hit fresh lifetime highs but concede day's gains in range-bound trade
The market saw a near-even split between winners and losers, with 26 stocks closing higher and 24 lower. NTPC, JSW Steel, Hindalco Industries, Shriram Finance, and L&T led the gains, while Bajaj Finance, Hindustan Unilever, Bajaj Finserv, SBI Life Insurance Company, and Britannia Industries saw declines.
The Economic Times
Buy Hindustan Unilever, target price Rs 3250: Motilal Oswal
Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 689123.37 Crore) operating in FMCG sector.
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Mon, Sep 16, 2024
Mint
Shares to buy or sell: Chandan Taparia recommends three stocks to buy today
Shares to buy today: Chandan Taparia has recommended three stocks to buy today – Apollo Hospitals, Hindustan Unilever, and Havells
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Fri, Sep 13, 2024
Mint
Stocks at record high: The Indian stock market benchmarks—the Sensex and Nifty 50—hit new record highs. The total market capitalisation of BSE-listed companies rose by nearly ₹6 lakh crore. Almost 280 stocks, including ITC, Bharti Airtel, and Hindustan Unilever (HUL), hit their 52-week highs.
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Thu, Sep 12, 2024
The Economic Times
HUL's scoop: In a hot market, all scream for ice cream
Several firms are interested in acquiring Hindustan Unilever's ice-cream business, which includes brands like Kwality Wall's and Magnum. HUL is setting up an independent committee to evaluate the future of this segment. The Indian ice-cream market is growing rapidly due to rising disposable incomes and innovative products.
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Tue, Sep 10, 2024
Business Line
Mid-day updates: Indian stock markets show modest gains despite mixed sentiment
Among the top gainers were Shriram Finance, SBI Life, Hindustan Unilever, ICICI Bank, and Britannia, while ONGC led the list of top losers.
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Mon, Sep 9, 2024
The Economic Times
HUL forms panel of independent directors to evaluate prospects of ice cream biz
Hindustan Unilever Ltd's board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC's earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings.
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Fri, Sep 6, 2024
The Economic Times
Unilever will probably not hold its high market share in India: CEO Hein Schumacher
Unilever's global CEO, Hein Schumacher, acknowledged that while Hindustan Unilever (HUL) leads in 85% of its categories in India, the company's high market share might not be sustainable due to shifts in consumer behavior towards premium products and modern retail channels. India, which is Unilever's second-largest market by revenue, is experiencing significant premiumization, with consumers increasingly moving from local stores to online and supermarket channels.
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Thu, Sep 5, 2024
The Economic Times
Bombay HC grants temporary relief to HUL in case against Abbott Ads
The Bombay High Court has directed Abbott Laboratories to halt advertisements that allegedly disparage Hindustan Unilever’s Horlicks Diabetes Plus. The court found a strong prima facie case for HUL, arguing that Abbott's ads negatively portray Horlicks Diabetes Plus. A hearing is scheduled for October 7.
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Thu, Sep 5, 2024
Mint
HC grants relief to HUL in plea against Abbott over health drink ad
Hindustan Unilever sought an injunction against Abbott for infringing and denigrating its product, Horlicks Diabetes Plus
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Thu, Sep 5, 2024
The Economic Times
Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play
Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola.
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Wed, Sep 4, 2024
Business Standard
Hindustan Unilever Ltd gains for third straight session
Hindustan Unilever Ltd is quoting at Rs 2825, up 1.1% on the day as on 12:49 IST on the NSE. The stock is up 12.68% in last one year as compared to a 28.43% jump in NIFTY and a 23.15% jump in the Nifty FMCG index.
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Wed, Sep 4, 2024
Business Line
Sensex, Nifty updates on 4 September 2024: Indian stock markets ended Wednesday’s session with mixed results, as the Nifty 50 index briefly touched a new all-time high before retreating due to profit-taking in the final hour. The BSE Sensex closed down 202.80 points or 0.25 per cent at 82,352.64, while the Nifty 50 fell 81.15 points or 0.32 per cent to 25,198.70, breaking a 14-day winning streak. The day’s trading was characterized by volatility, with the Nifty opening lower at 25,089.95 but recovering throughout the session. Sector-wise performance was mixed, with pharma, realty, and FMCG sectors seeing gains, while IT and metal sectors faced profit-taking. Srikant Chouhan, Head of Equity Research at Kotak Securities, commented on the market’s performance, saying, “Today, on the backdrop of weak global sentiment benchmark indices witnessed profit booking at higher levels... Technically, post gap down opening market registered a pullback rally. From the day, lowest point market recover over 130/550 points.” Among the top gainers on the NSE were Asian Paints (2.50 per cent), Grasim (1.91 per cent), Hindustan Unilever (1.71 per cent), Ultratech (1.23 per cent), and Sun Pharma (1.19 per cent). The top losers included Wipro (-3.06 per cent), Coal India (-2.81 per cent), ONGC (-2.27 per cent), Hindalco (-1.90 per cent), and LTIMindtree (-1.15 per cent).
Business Line
Sensex, Nifty hit new highs; Bajaj twins lead gains
Bajaj Finance, Bajaj Finserv, ITC, HCL Tech, and Hindustan Unilever top gainers on Sensex
The Economic Times
HUL gets Rs 963 cr Income Tax demand notice
Hindustan Unilever Limited (HUL) has received a Rs 962.75 crore tax demand from the Income Tax Department related to non-deduction of TDS on a Rs 3,045 crore payment made for acquiring intellectual property rights from GlaxoSmithKline Consumer Healthcare (GSKCH). The demand includes Rs 329.33 crore in interest.
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Wed, Aug 28, 2024
Business Line
Stocks that will see action today: August 28, 2024
Buzzing stocks: Jio Financial, Yes Bank, Rana Sugars, India Grid Trust, Hindustan Unilever, ICICI prudential Life, NBCC, UPL Corp, Wipro, Zydus Life, SBI Cards, Godrej Agrovet, Aavas Financiers
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Wed, Aug 28, 2024
Business Standard
Hindustan Unilever gets tax notice of Rs 962.75 cr over Rs 3k cr GSK deal
HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department
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Tue, Aug 27, 2024
The Economic Times
HUL slapped with Rs 962 crore tax notice over TDS dispute in Rs 3,045 crore GlaxoSmithKline deal
Hindustan Unilever has received a tax demand of Rs 962.75 crore from the Income Tax Department over non-deduction of TDS for acquiring intellectual property rights from GlaxoSmithKline. The company intends to appeal the order and claims it has a right to recover the tax from relevant parties.
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Tue, Aug 27, 2024
Mint
Trent, Hindustan Unilever & others hit 52 week high today ; Do you own any?
Following shares hit their 52 week high today - Trent, Hindustan Unilever, Coal India, Bajaj Auto, Interglobe Aviation
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Mon, Aug 26, 2024
The Economic Times
F&O stocks to buy today: ONGC, Cipla among top 9 trading ideas for 13 August 2024
The Indian market was poised for consolidation due to mixed global influences. FIIs registered substantial sales while DIIs made significant purchases. Focus was on key index levels and stock picks for short-term trading, including Cipla, Hindustan Unilever, and ONGC, with specific targets and stop-losses provided by experts.
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Tue, Aug 13, 2024
The Economic Times
Brands bet big on influencers to stay active, virtually
Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are enhancing their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness. The rise in short-form content on platforms like Instagram and YouTube has led to companies engaging with macro, micro, and nano influencers to drive brand visibility. A recent EY report predicted India's influencer marketing industry will reach ₹3,375 crore by 2026, largely due to the growing use of social media influencers for sales and brand engagement.
Business Line
Sensex, Nifty updates on 5 August 2024: Top gainers on the NSE as at 3 pm Britannia (1.23%), Hindustan Unilever (0.94%), Nestle India (0.75%), Tata Consumer Products (0.36%), HDFC Life (0.35%). Top losers include Tata Motors (-7.15%), Adani Ports (-5.92%), ONGC (-5.86%), Hindalco (-5.11%), Tata Steel (-5.03%)This decline reflects broader losses across Asian markets, with the Nikkei plummeting nearly 13% and other markets such as Korea, Taiwan, and Australia seeing declines between 2.5% and 7%. Analysts expect increased market volatility in India due to factors like the unwinding of the yen carry trade, geopolitical tensions, and a perceived slowdown in developed economies. Recent weak US job data and low inflation have heightened expectations for a Federal Reserve rate cut in September. Despite global pressures, analysts predict that Indian markets will consolidate as earnings align with high valuations. Key influences on market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends. Foreign Portfolio Investors (FPIs) have started August cautiously, selling ₹1,027 crore in equities following significant inflows in July. The Nikkei’s decline underscores the global context affecting Indian markets.
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Mon, Aug 5, 2024
The Economic Times
HUL to sell water biz to AO Smith India for Rs 601 crore
Hindustan Unilever Limited (HUL) has agreed to sell its Pureit water business to AO Smith for Rs 601 crore. Pureit, launched two decades ago, generated Rs 293 crore in FY24. The sale aligns with HUL's strategy to focus on core categories. The transaction, expected to complete in three months, requires customary closing conditions.
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Mon, Jul 15, 2024
The Economic Times
HUL to sell Pureit to AO Smith India for Rs 600 crore
Hindustan Unilever's board approved selling its water purification business, Pureit, to A.O. Smith India Water Products for $72 million. The sale, conducted on a slump sale basis, follows the board's approval for divestment.
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Mon, Jul 15, 2024
The Economic Times
At FMCG box office, rural to script summer blockbuster
This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment.
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Thu, Jul 11, 2024
Business Line
Sensex, Nifty updates on 8 July 2024: Stock market benchmark indices Sensex and Nifty ended flat on Monday in a lacklusture trade as investors opted to book profits after the recent record rally in equities. Weak cues from Asian markets also added to the muted trend in domestic equities. After beginning the trade on a weak note, the 30-share BSE Sensex declined 36.22 points or 0.05 per cent to settle at 79,960.38. During the day, it went lower by 264.77 points or 0.33 per cent to 79,731.83. The NSE Nifty dipped 3.30 points or 0.01 per cent to 24,320.55. Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards. ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.