HUL posts 6 pc fall in Q4 net profit at Rs 2,406 crore, declares dividend of Rs 24 per share
HUL’s sales recorded a marginal increase to Rs 14,693 crore in the fourth quarter as revenue in the beauty and personal care segment fell 2.7 per cent.
HUL’s sales recorded a marginal increase to Rs 14,693 crore in the fourth quarter as revenue in the beauty and personal care segment fell 2.7 per cent.
"Margin pressure due to surge in input costs is expected to reduce owing to price hikes, operational efficiency, and improvement in product mix."
Apart from O2 concentrators, HUL will also be providing ventilators and other medical equipment for hospitals, including in rural areas.
Under the partnership, HUL's retailers who use the company's Shikhar app will be able to avail of credit facility.
The maker of Kissan, Horlicks, and Knorr soups said the outlook for the FMCG sector remains extremely uncertain even as it expressed confidence at medium- and long-term growth prospects.
The Bloomberg report suggests, Glaxo is preparing to sell part or all of its 5.7% stake in HUL via a series of block trades.
At 12.41 pm, the Sensex was up 53.23 points at 39,788.76 and Nifty gained 25.30 points to achieve 11,687.15.
The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.
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