Hindustan Unilever

Hindustan Unilever Q2 earnings hampered due to weak

Hindustan Unilever Q2 earnings hampered due to weak

India's economy is confronting its most noticeably bad downturn since 1991. That has hit optional shopper using, leaving HUL's volume development stagnant at around 5 percent for as long as two quarters.

Deals development at Hindustan Unilever (HLL. NS) regulated for the sixth straight quarter between July and September and India's biggest purchaser products producer said powerless shopper request might press on to drag until well into one year from now.

Delhi HC allows Pepsodent to continue with its Germicheck advert

Delhi HC allows Pepsodent to continue with its Germicheck advert

The Delhi High Court on Wednesday allowed Hindustan Uniliver Ltd (HUL) to continue with its toothpaste Pepsodent Germicheck advertisement that claims that Pepsodent is 130 per cent more capable of checking germs than current market leader Colgate.

The High Court dismissed the Colgate's petition seeking an injunction on the controversial advert, saying the advert doesn't "denigrate" Colgate toothpaste.

HUL jumps to 52-week high after Unilever makes open offer to raise stake

HUL jumps to 52-week high after Unilever makes open offer to raise stake

The Hindustan Unilever Ltd (HUL) stock jumped to a 52-week high of Rs 594 in opening trade on Tuesday after its Anglo-Dutch parent firm Unilever Plc made an open offer to increase its stake in the Indian division.

Unilever made an open offer to increase its stake holding in HUL by 22.52 per cent to 75 per cent.

The offered price of Rs 600 per share represented a premium of 20.5 per cent over HUL stock's closing price on Monday. The Anglo-Dutch group has plans to buy up to 48.3 crore shares. The offer worth Rs 29,190 crore valued the stock at 33.3 x FY14 earnings.

Change is Not Optional but a Necessity: HUL Chief Harish Marvani

Change is Not Optional but a Necessity: HUL Chief Harish Marvani

Harish Manwani, Chief Operating Officer of Unilever and Chairman of Hindustan Unilever (HUL), visited Indian School of Business, Hyderabad, and while addressing the students emphasized on the point that the landscape of business is fast changing, where agility and quick decision making is most important. And the corporate need to revisit their strategies and would have to adapt the changing situation.

Several investment banks cut ratings on HUL stock

Several investment banks cut ratings on HUL stock

After shedding around 3 per cent on Tuesday, stock in Hindustan Unilever Ltd (HUL) slipped again by more than 6 per cent in early trade on Wednesday after several investment banks slashed their ratings on the company's stock.

Domestic brokerage IDFC, Bank of America Merrill Lynch, Nomura and Credit Suisse cut their ratings on HUL stock after the country's leading consumer goods producer reported slower-than-expected volume growth and a smaller-than-expected increase in royalty payments.

HUL to pay more to independent directors

HUL to pay more to independent directors

The Consumer goods major Hindustan Unilever has recently said that the company has decided to revise the remuneration package of its non-executive independent directors.

Notably, the move comes as it will be needed for the enhanced role and involvement in the corporate governance of the company.

After cases like Satyam in the Indian market, the role of independent directors has been questioned several times and the company has also said that it will seek shareholders' approval under Section 309(4) of the Companies Act, 1956.

Board of HUL approves of the company’s buy back of equity plans!

Board of HUL approves of the company’s buy back of equity plans!

On Friday, Hindustan unilever limited told reporters that the company’s board approved of the buy back of equity shares of the company at a sum that did not exceed Rs 280 for every share. The total amount aggregated to Rs
630 crore. By buying back the shares for that certain price, the company stood within about 25% of the total capital paid up along with reserves that were free according to audit balance sheet as on the 31/3/10.

Board meeting of HUL on June 11 to discuss stk up and buyback

Board meeting of HUL on June 11 to discuss stk up and buyback

The shares of Hindustan Unilever have reached an intraday high of Rs 252.75 and low of Rs 249.80. the share quoting of this company stood at 252.00 at 09:02 hrs which was an increase of 2% or Rs 4.95 on the NSE.

Reports from CNBC TV18 mention that the board of Hindustan Unilever will meet on the 11th of June to discuss buyback.

Unilever mulling to double business in India

Unilever mulling to double business in India

Recently, it was specified by Paul Polman, CEO, Unilever that he is mulling to double the business in India. It should be noted that earlier Polman described Hindustan Unilever as an underperformer.

However, he did not specify the timeline to double the business. Monday, while answering a press conference, Polman said that he is hopeful that the employees had well received his 'sense of urgency'. Apparently, the Unilever chief was not contended with the performance with Indian outfit.

HUL announces financial results for third quarter

HUL announces financial results for third quarterFMCG major Hindustan Unilever Ltd. has announced its financial results for the third quarter of current financial year, with decline in sales growth as compared to last year. HUL posted sales growth rate of 16.8 per cent for the December quarter as compared to from 20 per cent for the first nine months of 2008.