'Once commodity prices start going down, we will adjust down the prices or increase the quantum of volume in the packs', said Mehta
Net profit up 18.6% on 10.3% rise in revenue; says near-term outlook uncertain as growth moderating, inflation high
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In the near-term, operating environment will continue to remain challenging, says HUL CMD
Asian Paints, Bajaj Finserv, Bajaj Holdings, Biocon, Century Textiles, Havells India, Hindustan Unilever, Bank of Maharashtra, MphasiS, Persistent Systems and Shoppers Stop to announce results today.
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
Organised trade includes the likes of Jiomart, Booker and ecommerce distributors like Elastic Run and Udaan
Distributors in Maharashtra say will they stop taking up the company's products from January 1.
Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter
HP Adhesives is likely to debut with a 20-25 per cent listing gain, as per indications from the GMP
While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards
Aims double-digit growth in the region from current 1% this calendar year
Mehta will be succeeding Uday Shankar
The shift from coal to renewable energy sources has also resulted into savings for HUL, says the FMCG major
In the FMCG basket, Britannia, Colgate Palmolive, HUL are on the shopping list of A K Prabhakar, head of research at IDBI Capital