Edition:
India

Hindustan Unilever Ltd (HLL.BO)

HLL.BO on Bombay Stock Exchange

2,072.30INR
30 Oct 2020
Change (% chg)

Rs-49.25 (-2.32%)
Prev Close
Rs2,121.55
Open
Rs2,122.70
Day's High
Rs2,122.70
Day's Low
Rs2,068.25
Volume
45,606
Avg. Vol
132,481
52-wk High
Rs2,614.00
52-wk Low
Rs1,756.00

Latest Key Developments (Source: Significant Developments)

Hindustan Unilever Ltd Sept Qtr Profit Rises
Tuesday, 20 Oct 2020 

Oct 20 (Reuters) - Hindustan Unilever Ltd ::HINDUSTAN UNILEVER LTD - DECLARED AN INTERIM DIVIDEND OF 14 RUPEES PER SHARE.SEPT-QUARTER PROFIT 20.09 BILLION RUPEES VERSUS PROFIT 18.48 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT-QUARTER PROFIT WAS 20.19 BILLION RUPEES -- REFINITIV DATA.SEPT-QUARTER SALE OF PRODUCTS 112.76 BILLION RUPEES VERSUS 97.08 BILLION RUPEES YEAR AGO.HINDUSTAN UNILEVER - CAUTIOUSLY OPTIMISTIC ON DEMAND RECOVERY.HINDUSTAN UNILEVER - OPERATIONS & SERVICE LEVELS ARE NOW BACK TO PRE-COVID LEVELS.HINDUSTAN UNILEVER -DEMAND IN URBAN INDIA, ESPECIALLY METROPOLITAN CITIES HAS BEEN MUTED.  Full Article

India's Hindustan Unilever June-Quarter Profit Rises
Tuesday, 21 Jul 2020 

July 21 (Reuters) - Hindustan Unilever Ltd ::JUNE-QUARTER PROFIT 18.81 BILLION RUPEES VERSUS 17.55 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE-QUARTER PROFIT WAS 18.83 BILLION RUPEES - REFINITIV DATA.JUNE-QUARTER SALE OF PRODUCTS 104.06 BILLION RUPEES VERSUS 99.84 BILLION RUPEES YEAR AGO.DOMESTIC CONSUMER GROWTH (EXCLUDING. IMPACT OF MERGER WITH GSK CH INDIA) STOOD AT NEGATIVE 7% IN QUARTER.  Full Article

Unilever says unification is "best tactical move", no updates on tea business review soon
Thursday, 11 Jun 2020 

June 11 (Reuters) - Unilever ::CHAIRMAN ON MEDIA CALL- EARLIER STRUCTURE GAVE US A DISADVANTAGE AT A TIME WE WANT TO ACCELERATE PORTFOLIO TRANSFORMATION.CHAIRMAN - THIS MOVE IS "OUR BEST TACTICAL OPTION".CEO- WE HAVE ENGAGED WITH DUTCH GOVERNMENT OVER LAST FEW WEEKS OVER PLAN.CEO- NO PLANS TO LIST FOOD & REFRESHMENT DIVISION AS A SEPARATE ENTITY.CEO- THIS UNIFICATION WILL HELP IN OUR DEMERGERS.CEO- THIS IS THE MOST SHAREHOLDER FRIENDLY ROUTE TO UNIFICATION; EXPECT TO COMPLETE MOVE BY END OF YEAR.CEO- SHAREHOLDERS APPROVAL NEEDED FOR THIS MOVE IS 50%.CEO- NO CANVASSING OF SHAREHOLDERS BEFORE THIS MOVE.CEO- DON'T EXPECT ANY RESISTANCE OF PLANS OF UNIFICATION FROM SHAREHOLDERS.CHAIRMAN- THIS IS IN NO WAY 180 DEGREE TURN FROM 2018 PLAN.CEO- STRATEGIC DIRECTION OF PREVIOUS PLAN AND THE NEW ONE IS THE SAME; THIS IS NO U-TURN FROM 2018 PLAN.CEO- THIS ROUTE WE HAVE TAKEN SHOWS THAT THE MOVE HAS NOTHING TO DO WITH BREXIT.CEO- NO TAKEOVER OF HINDUSTAN UNILEVER REQUIRED UNDER THE UNIFICATION MOVE.CEO- NO TAKEOVER OF HINDUSTAN UNILEVER REQUIRED UNDER THE UNIFICATION MOVE.CEO- COVID-19 CRISIS HAS CREATED NEW OPPORTUNITIES FOR M&A THAT WE ARE LOOKING AT.CEO- TEA BUSINESS REVIEW CARRIES ON ; LOOKING AT ALL OPTIONS AND WE ARE MID WAY THROUGH PROCESS.CEO- NOT ON BRINK OF ANNOUNCING ANYTHING ON TEA BUSINESS REVIEW RIGHT NOW.CEO- KRAFT HEINZ IS NOT A THREAT TODAY AND IT HAS HAD NOTHING TO DO WITH MOVE ANNOUNCED TODAY.  Full Article

Hindustan Unilever Remains Confident Of Medium To Long-Term Growth Prospects Of FMCG Sector
Friday, 5 Jun 2020 

June 5 (Reuters) - Hindustan Unilever Ltd ::REMAINS "CONFIDENT" OF MEDIUM TO LONG-TERM GROWTH PROSPECTS OF FMCG SECTOR.  Full Article

Hindustan Unilever Says Pandemic Has Imposed Incremental Operating Costs On Business
Tuesday, 2 Jun 2020 

June 2 (Reuters) - Hindustan Unilever Ltd ::SAYS ALMOST ALL SUPPLIERS IN INDIA, WHO WERE NOT OPERATING AT ALL IN INITIAL PERIOD OF LOCKDOWN, ARE NOW OPERATIONAL.PANDEMIC HAS IMPOSED INCREMENTAL OPERATING COSTS ON BUSINESS.HINDUSTAN UNILEVER -OUT OF HOME BUSINESSES COMPRISING OF ICE CREAMS & FOODS SOLUTIONS AND CONSUMER DURABLES BUSINESS OF WATER MOST SEVERELY IMPACTED.THERE WILL BE SOME IMPACT ON PROFITABILITY IN SHORT TERM.SAYS WORKMEN AT NABHA PLANT ARE CURRENTLY ON A STRIKE.WORKING WITH STAKEHOLDERS TO FIND A RESOLUTION TO STRIKE.SAYS HAVE NOW BEEN ABLE TO RAMP-UP PRODUCTION TO 80-90% OF NORMATIVE LEVELS.  Full Article

GSK To Sell Its Stake In Hindustan Unilever For 3.4 Bln Stg
Thursday, 7 May 2020 

May 7 (Reuters) - GlaxoSmithKline Plc ::GLAXOSMITHKLINE PLC - GSK SELLS ITS HOLDING IN HINDUSTAN UNILEVER.GSK - AGREED TO SALE OF 133,772,044 ORDINARY SHARES IN HUL.GSK - THROUGH MERGER OF GSK INDIA WITH HUL, GSK ACQUIRED A 5.7% STAKE IN HUL.GSK - AGREED TO SALE OF 133,772,044 ORDINARY SHARES IN HUL AT A VOLUME-WEIGHTED AVERAGE PRICE OF APPROXIMATELY RS. 1,905 PER SHARE.GSK - SALE AT A VOLUME-WEIGHTED AVERAGE PRICE OF APPROXIMATELY RS. 1,905 PER SHARE.GSK - PROPOSED DEAL FOR GROSS PROCEEDS OF APPROXIMATELY RS. 254.8 BILLION.GSK - NOW EXPECTS GROSS PROCEEDS FROM DIVESTMENT TO BE £3.4 BILLION.GSK - GSK NOW EXPECTS GROSS PROCEEDS FROM DIVESTMENT TO BE £3.4 BILLION AND NET PROCEEDS FROM DIVESTMENT TO BE £2.9 BILLION.GSK - PROPOSED DEAL FOLLOWING SETTLEMENT OF SALE, GSK WILL NO LONGER HOLD ANY HUL SHARES..GSK - HSBC SECURITIES AND CAPITAL MARKETS, J.P. MORGAN INDIA, MORGAN STANLEY INDIA ACTING AS JOINT PLACEMENT AGENTS FOR PLACING.  Full Article

India's Hindustan Unilever March Quarter Profit Falls
Thursday, 30 Apr 2020 

April 30 (Reuters) - Hindustan Unilever Ltd ::MARCH QUARTER PROFIT 15.19 BILLION RUPEES VERSUS 15.38 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 18.15 BILLION RUPEES - REFINITIV DATA.MARCH QUARTER SALE OF PRODUCTS 88.85 BILLION RUPEES VERSUS 98.09 BILLION RUPEES YEAR AGO.SPREAD OF COVID-19 IMPACTED THE BUSINESS FROM MID-MARCH.RAMPED UP CAPACITIES IN CATEGORIES SUCH AS SANITIZERS, HANDWASH ETC.DEMAND PATTERNS ARE CHANGING; LIKELY TO SEE AN UPSWING IN CATEGORIES SUCH AS HEALTH, HYGIENE AND NUTRITION.IN THE NEAR TERM, ALSO LIKELY TO SEE SOME ADVERSE IMPACT ON DISCRETIONARY CATEGORIES AND OUT OF HOME CHANNEL.LIKELY TO SEE AN UPSWING IN CATEGORIES LIKE HEALTH, HYGIENE AND NUTRITION.SYSTEMATICALLY REVIEWING ALL AREAS OF CASH GENERATION AND USAGE AND RE-EVALUATING ALL COSTS IN PREVAILING CIRCUMSTANCES.  Full Article

India's HUL cuts price of some products
Friday, 20 Mar 2020 

March 20 (Reuters) - :HINDUSTAN UNILEVER LTD SAYS REDUCING PRICES OF LIFEBUOY SANITIZERS, LIFEBUOY LIQUID HANDWASH, DOMEX FLOOR CLEANERS BY 15%.  Full Article

India NCLT Sanctions GlaxoSmithKline Consumer Healthcare & Hindustan Unilever Deal
Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - GlaxoSmithKline Consumer Healthcare Ltd ::NATIONAL COMPANY LAW TRIBUNAL SANCTIONED DEAL BETWEEN CO, HINDUSTAN UNILEVER.  Full Article

India's Hindustan Unilever Dec Quarter Profit Rises
Friday, 31 Jan 2020 

Jan 31 (Reuters) - Hindustan Unilever Ltd ::DEC QUARTER PROFIT 16.16 BILLION RUPEES VERSUS 14.44 BILLION RUPEES A YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 16.47 BILLION RUPEES - REFINITIV DATA.DEC QUARTER SALE OF PRODUCTS 96.96 BILLION RUPEES VERSUS 93.57 BILLION RUPEES A YEAR AGO.HINDUSTAN UNILEVER LTD SAYS IN SHORT TERM, DEMAND OUTLOOK, MARKET GROWTH CONTINUE TO BE CHALLENGING.HINDUSTAN UNILEVER LTD SAYS WITNESSED SHARP SLOWDOWN IN RURAL AND DISCRETIONARY SPENDING DURING DEC-QUARTER.  Full Article

Morning News Call - India, October 28

To access a PDF version of this newsletter, please click here https://share.refinitiv.com/assets/newsletters/Indiamorning/MNC_IN_10282020.pdf If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 2:00 pm: Junior Commerce Minister Som Parkash, Hindustan Unilever Chairman and Managing Director Sanjiv Mehta at FICCI “Massmerize 2020.” 2:30 pm: Bharti Airtel virtual press co