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    500696   INE030A01027

HINDUSTAN UNILEVER LIMITED

(500696)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-10-03
2667.35 INR   +1.72%
09/27INDIA STOCKS-Indian shares inch up as consumer stocks gain
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09/22Indian Indices Extend Loss; Power Grid Corp. of India Slides 3%
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09/21Indian Indices Settle in Red on Wednesday; Shree Cement Drops 5%
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Easing raw material costs promising for Indian consumer companies

08/03/2022 | 04:58am EDT
FILE PHOTO: Sachets of shampoo by Sunsilk, a Hindustan Unilever Limited brand, hang on display at a shop in the old quarters of Delhi

NEW DELHI (Reuters) - Softening commodity prices are holding out hope for Indian consumer-goods firms that have struggled with inflation, particularly in the large but price-sensitive rural market.

While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.

A week earlier, Unilever's India unit said a softening of commodities prices augured well. If the improvement persisted, it would improve the company's margins from quarter to quarter beginning late this year.

"Commodity prices are already starting to recede, given U.S. Fed rate hikes. Given that, there should be a gradual fall in input costs for companies," said Aditi Nayar, an economist at ICRA, the Indian arm of Moody's rating agency.

Prices of palm oil, a key ingredient for many food products, detergents and cosmetics, are down 32% from a record peak hit in March.

Another key input is energy, the price of which also drives other costs. Crude oil prices have fallen from peaks of over $120 a barrel to around $100 a barrel.

Still, Indian retail prices in June were 7.01% higher than a year earlier, compared with the central bank's inflation tolerance band of 2% to 6%.

Price rises have particularly hit demand in rural areas, a key market for all Indian consumer goods companies. To overcome this, firms have resorted to selling in smaller, cheaper units, such as reduced packages.

But rural markets are beginning to turn the corner, according to market analytics firm NielsenIQ.

"Urban markets have turned towards a positive consumption growth, and rural markets are following closely," Satish Pillai, managing director for India at NielsenIQ, said in a statement.

NeilsenIQ forecast the consumer goods industry would grow 8% to 10% in 2022.

(Reporting by Aftab Ahmed in New Delhi and Nivedita Bhattacharjee in Bengaluru; Editing by Bradley Perrett)

By Aftab Ahmed and Nivedita Bhattacharjee


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.02% 0.65066 Delayed Quote.-11.58%
BRITISH POUND / US DOLLAR (GBP/USD) -0.02% 1.14413 Delayed Quote.-17.70%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.10% 0.73909 Delayed Quote.-8.29%
CRUDE PALM OIL 0.07% 741 End-of-day quote.-26.42%
EURO / US DOLLAR (EUR/USD) -0.03% 0.99767 Delayed Quote.-13.52%
HINDUSTAN UNILEVER LIMITED 1.72% 2667.35 End-of-day quote.13.04%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.05% 0.012277 Delayed Quote.-8.63%
LONDON BRENT OIL -0.21% 91.56 Delayed Quote.12.85%
MOODY'S CORPORATION 4.43% 261.98 Delayed Quote.-35.77%
NESTLÉ INDIA LIMITED 1.35% 19248.7 End-of-day quote.-2.33%
NESTLÉ S.A. 0.96% 107.48 Delayed Quote.-16.46%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.92% 0.57824 Delayed Quote.-17.80%
S&P GSCI CRUDE OIL INDEX -0.16% 472.9802 Real-time Quote.10.89%
UNILEVER PLC 2.23% 3963 Delayed Quote.0.44%
WTI -0.21% 86.304 Delayed Quote.10.63%
All news about HINDUSTAN UNILEVER LIMITED
09/27INDIA STOCKS-Indian shares inch up as consumer stocks gain
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Analyst Recommendations on HINDUSTAN UNILEVER LIMITED
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Financials
Sales 2023 581 B 7 145 M 7 145 M
Net income 2023 98 497 M 1 210 M 1 210 M
Net cash 2023 88 675 M 1 090 M 1 090 M
P/E ratio 2023 64,0x
Yield 2023 1,40%
Capitalization 6 267 B 77 016 M 77 016 M
EV / Sales 2023 10,6x
EV / Sales 2024 9,62x
Nbr of Employees 21 000
Free-Float 37,9%
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Mean consensus -
Number of Analysts 0
Last Close Price 2 667,35
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Managers and Directors
Sanjiv Soshil Mehta Chief Executive Officer, Director & MD
Ritesh Tiwari CFO, Executive Director-Finance & IT
Nitin Paranjpe Non-Executive Chairman
Vibhav Sanzgiri Executive Director-Research & Development
Devopam Narendra Bajpai Secretary, Director & Executive Director-Legal
Sector and Competitors
1st jan.Capi. (M$)
HINDUSTAN UNILEVER LIMITED13.04%75 553
PROCTER & GAMBLE COMPANY-21.44%306 561
UNILEVER PLC-1.75%111 308
THE ESTÉE LAUDER COMPANIES INC.-41.68%78 234
COLGATE-PALMOLIVE COMPANY-16.67%59 314
BEIERSDORF AKTIENGESELLSCHAFT8.90%21 961