New Delhi:
Among the many nation’s largest fast-paced client items (FMCG) firms, shares of Hindustan Unilever Restricted (HUL) fell by greater than 6 p.c in Thursday’s buying and selling session. The rationale for the slowdown within the inventory was the weak outcomes offered by the corporate within the second quarter (July-September) of the monetary 12 months 2024-25. At 1:30 pm, HUL share value was at 2,481 with a decline of 6.70 p.c.
Within the second quarter of the present monetary 12 months, the efficiency of the corporate (HUL Q2 Outcomes) has been weak and the revenue has fallen by 4 p.c to Rs 2,612 crore, which was Rs 2,717 crore in the identical quarter final 12 months. Earnings from operations has elevated by 2 p.c on an annual foundation and has elevated to Rs 15,319 crore within the September quarter. In the identical interval final 12 months, this determine was Rs 15,027 crore.
Regardless of weak outcomes, HUL has introduced a dividend of Rs 29 per share. Its document date has been mounted as November 6, 2024.
After weak outcomes, brokerage home Nuvama has maintained ‘purchase’ score on HUL and elevated its goal value to Rs 3,395, which was earlier Rs 3,375. The brokerage home says that restoration in rural markets is anticipated. Hopefully, this may help HUL’s development within the second half of the monetary 12 months and within the occasions to come back.
Motilal Oswal says that HUL might even see restoration within the coming quarter. The brokerage home has decreased earnings per share (EPS) by 2 p.c for FY25 and FY26.
HDFC Securities has additionally maintained ‘purchase’ score on HUL with a goal value of Rs 3,200. The brokerage home believes that the dangerous section of low quantity development, value adjustment and slowdown in rural demand is over.
Thanks for taking the time to learn this text! I hope you discovered the data insightful and useful. For those who loved this kind of content material, please think about subscribing to our publication or becoming a member of our group. We’d like to have you ever! Be happy to share this text along with your family and friends, who may additionally discover it fascinating.
Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.