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

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

Reuters India Mobile

Reuters India Mobile

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