Worries over sales weigh on Hindustan Unilever shares

Tue Apr 29, 2014 10:20am IST

A man arrives at the Hindustan Unilever Limited (HUL) headquarters in Mumbai May 14, 2013. REUTERS/Danish Siddiqui/Files

A man arrives at the Hindustan Unilever Limited (HUL) headquarters in Mumbai May 14, 2013.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

Stocks

   

Reuters Market Eye - Shares of Hindustan Unilever (HLL.NS) fall 1.4 percent after the company's sales volume growth in the March quarter came in at 3 percent, lagging analyst estimates of 4-5 percent, dealers say.

The company's sales growth stayed muted for the eighth straight quarter, hurt by a sluggish economy. India's largest consumer goods maker said it did not expect a demand recovery in the near-term.

Dealers expect Hindustan Unilever's margins to remain flat as input costs and royalty rates inch up.

Hindustan Unilever shares have gained 0.4 percent so far this year as of Monday's close, well below the 6.7 percent rise in the broader Nifty.

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Monetary Policy

Monetary Policy

Fed renews zero rate pledge, but hints at steeper rate hike path.  Full Article 

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Ranbaxy Investigation

Ranbaxy Investigation

Ranbaxy says U.S. authorities seek information on pricing data.  Full Article 

E-Commerce

E-Commerce

Tiger Global leads $60 million investment in Quikr.  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage