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Hindustan Unilever Ltd is down for a fifth straight session today. The stock is quoting at Rs 2364.2, down 0.36% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.2% on the day, quoting at 23555.2. The Sensex is at 77841.19, down 0.28%.Hindustan Unilever Ltd has lost around 1.53% in last one month.Meanwhile, Nifty FMCG index of which Hindustan Unilever Ltd is a constituent, has eased around 3.17% in last one month and is currently quoting at 55841.8, down 1.22% on the day. The volume in the stock stood at 5.01 lakh shares today, compared to the daily average of 19.37 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 2374.6, down 0.21% on the day. Hindustan Unilever Ltd tumbled 2.19% in last one year as compared to a 8.46% rally in NIFTY and a 2.83% spurt in the Nifty FMCG index.
The PE of the stock is 54.5 based on TTM earnings ending December 24.
Hindustan Unilever Ltd is up for a third straight session in a row. The stock is quoting at Rs 2550.05, up 3.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 23399.15. The Sensex is at 77248.29, down 0.33%. Hindustan Unilever Ltd has added around 7.6% in last one month.
Meanwhile, Nifty FMCG index of which Hindustan Unilever Ltd is a constituent, has added around 1.27% in last one month and is currently quoting at 56691.95, up 3.02% on the day. The volume in the stock stood at 13.35 lakh shares today, compared to the daily average of 17.87 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 2582.5, up 4.1% on the day. Hindustan Unilever Ltd is up 3.97% in last one year as compared to a 7.07% gain in NIFTY and a 5.96% gain in the Nifty FMCG index.
The PE of the stock is 56.75 based on TTM earnings ending December 24.
IndiaMART InterMESH, Punjab National Bank, Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies, L&T Finance, Manappuram Finance, Mahanagar Gas, RBL Bank were banned from F&O trading on 23 January 2025.
Earnings Today:
UltraTech Cement, Dr Reddy's Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon Life India Asset Management, Senores Pharmaceuticals, Sona BLW Precision Forgings, Spandana Sphoorty Financial, Suryoday Small Finance Bank, Syngene International, Tejas Networks, Thyrocare Technologies, Ujjivan Small Finance Bank, V2 Retail, and Zee Entertainment Enterprises will announce their quarterly later today.
Stocks to Watch:
Hindustan Unilever (HUL) reported a 19.13% jump in standalone net profit to Rs 3,001 crore in Q3 FY25 as compared with Rs 2,519 crore in corresponding quarter last year. Revenue from operations rose 1.79% to Rs 15,195 crore in Q3 FY25 as compared with Rs 14,928 crore in Q3 FY24.
Bharat Petroleum Corporation (BPCL) reported a 36.85% jump in standalone net profit to Rs 4,649.20 crore in Q3 FY25 as against Rs 3,397.27 crore posted in Q3 FY24. Net sales (excluding excise duty) declined 2.02% year on year (YoY) to Rs 1,13,135.8 crore in the December 2024 quarter.
Pidilite Industries reported a 18.8% increase in consolidated net profit to Rs 534.56 crore in Q3 Fy25 as compared with Rs 450.15 crore in Q3 FY24. Net sales rose 5.2% YoY to Rs 3,234.91 crore during the quarter.
Laurus Labs’ subsidiary in New Jersey received form 483 with one observation from USFDA. Inspection was conducted from 13 to 21 January 2025.
Persistent Systems’ consolidated net profit jumped 14.77% to Rs 372.99 crore in Q3 FY25 as compared with Rs 325 crore in Q2 FY25. Revenue from operations increased 5.7% QoQ to Rs 3,062.28 crore in Q3 FY25.
Paras Defence has signed memorandum of understanding with Maharashtra Government for for the proposed Optics Park Project in Navi Mumbai, Maharashtra. This prestigious Optics Park Project is set to commence in the year 2028.
Piramal Pharma’s Piramal Critical Care (‘PCC’) Division has launched Chlorpromazine Hydrochloride for Injection, USP. With this launch, PCC continues to expand its generic injectables portfolio.
At 11:30 IST, the barometer index, the S&P BSE Sensex rose 177.93 points or 0.23% to 76,582.01. The Nifty 50 index added 64.65 points or 0.28% to 23,220.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 1.83% and the S&P BSE Small-Cap index rallied 1.16%.
The market breadth was strong. On the BSE, 2,408 shares rose and 1,260 shares fell. A total of 175 shares were unchanged.
Politics:
The JD(U) on Wednesday sacked its Manipur unit president, Ksh. Biren Singh, in an effort to quell growing speculation about its ties with the BJP. Party’s national spokesperson Rajiv Ranjan told the media Singh’s removal was due to indiscipline and asserted that the party would continue to support the BJP-led government in the northeastern state. Ranjan affirmed that the JD(U) remains committed to supporting the BJP-led NDA, not just in Manipur but across the country. Ranjan’s remark came shorty after Ksh Biren Singh claimed that the party had withdrawn support to the BJP-led Biren Singh government and informed its decision to governor Ajay Kumar Bhalla. The state unit chief had also claimed that the lone JDU MLA in the state, Md Abdul Nasir, will sit in the opposition benches.
IPO Update:
The initial public offer (IPO) of Denta Water and Infra Solutions received bids for 13,37,67,000 shares as against 52,50,000 shares on offer, according to stock exchange data at 11:15 IST on 23 January 2024. The issue was subscribed to 25.48 times.
The issue opened for bidding on 22 January 2024 and it will close on 24 January 2024. The price band of the IPO is fixed between Rs 279 and Rs 294 per share. An investor can bid for a minimum of 50 equity shares and in multiples thereof.
Buzzing Index:
The Nifty Consumer Durables index jumped 1.93% to 38,482. The index dropped 4.86% in past two trading sessions.
Amber Enterprises India (up 9.80%), Dixon Technologies (India) (up 3.03%), Voltas (up 2.08%), Havells India (up 2.08%), Whirlpool of India (up 1.94%), Bata India (up 1.74%), Kalyan Jewellers India (up 1.58%), Titan Company (up 1.24%), Crompton Greaves Consumer Electricals (up 1.22%) and Kajaria Ceramics (up 1.02%) advanced.
On the other hand, V-Guard Industries (down 0.66%), Cera Sanitaryware (down 0.29%) and Rajesh Exports (down 0.1%) edged lower.
Stocks in Spotlight:
Biocon advanced 1.83% after its board is scheduled to meet on Monday, 27 January 2025, to consider and approve the raising of funds on a private placement basis.
Bharat Petroleum Corporation (BPCL) slipped 1.33%. The company has reported a 36.85% jump in standalone net profit to Rs 4,649.20 crore in Q3 FY25 as against Rs 3,397.27 crore posted in Q3 FY24. Net sales (excluding excise duty) declined 2.02% year on year (YoY) to Rs 1,13,135.8 crore in the December 2024 quarter.
Hindustan Unilever (HUL) declined 1.29%. The company has reported a 19.13% jump in standalone net profit to Rs 3,001 crore in Q3 FY25 as compared with Rs 2,519 crore in corresponding quarter last year. Revenue from operations rose 1.79% to Rs 15,195 crore in Q3 FY25 as compared with Rs 14,928 crore in Q3 FY24.
Global Markets:
Most Asian stocks climbed on Thursday, buoyed by a rally on Wall Street driven by optimism over increased spending on artificial intelligence (AI). However, Asian investors remain cautious as they assess the implications of US President Donald Trump’s early days in office, which have sent mixed signals. While Trump reiterated tariff threats against China, fears of an escalation in the trade war have largely been avoided, leaving the world’s second-largest economy somewhat unscathed for now.
In China, investors are considering additional measures from Beijing to stabilize its stock market. On Wednesday, the government introduced a series of policies, including plans to increase the portion of pension funds that can be invested in listed companies, aiming to shore up market confidence.
South Korea's economy grew by 0.1% quarter-on-quarter in the final three months of 2024, according to preliminary data from the central bank. On a year-on-year basis, GDP growth slowed to 1.2% from 1.5%, reflecting challenges in the broader economic environment.
Meanwhile, Japan posted a surprising trade surplus of 130.9 billion yen ($840 million) in December, beating expectations for a deficit of 55 billion yen. This marked a significant turnaround from November's 110.3 billion yen deficit, supported by strong exports, according to government data released Thursday.
In the US, the S&P 500 came close to a record high on Wednesday, boosted by a surge in tech stocks and AI-related companies. The rally followed President Trump’s announcement of a $500 billion initiative to enhance domestic AI development.
Netflix shares soared nearly 10% after the company reported a record-breaking addition of 19 million new subscribers in Q4 2024, surpassing market expectations by a wide margin.
The S&P 500 briefly touched an all-time high of 6,100.81 points before trimming gains to close 0.6% higher at 6,086.28 points. The NASDAQ Composite gained 1.3% to reach 20,009.34 points, while the Dow Jones Industrial Average edged up 0.3%.
Profit before exceptional items and tax (PBIT) increased marginally 0.2% to Rs 3,469 crore in Q3 FY25 as compared with Rs 3,462 crore in Q3 FY24. Exceptional items stood at Rs 509 crore in Q3 FY25.
The company reported an underlying sales growth (USG) of 2% and a flat underlying volume growth (UVG) in Q3 FY25.
EBITDA stood at Rs 3,570 crore in Q3 FY25, up 0.85% as compared with Rs 3,540 crore in Q3 FY24. EBITDA margin fell 20 bps to 23.5% in Q3 FY25 as against 23.7% in Q3 FY24.
During the quarter, home care USG was 6% led by high-single digit UVG in Fabric Wash and Household Care. Household Care achieved high-single digit UVG led by outperformance in dishwash.
Beauty & wellbeing reported a 1% growth while UVG witnessed a low-single digit decline. Hair Care delivered mid-single digit competitive volume growth driven by strong growth in Dove, Tresemme and Clinic Plus. Performance was broad-based across sachets and formats of the future. Dove’s Hair and Scalp Therapy and Tresemme’s Silk Press range were introduced to further strengthen our future core and market makers portfolio.
Personal Care declined 4% with mid-single digit volume decline. Positive momentum witnessed in non-hygiene segment. Bodywash continued to strengthen its market leadership with strong double-digit growth. Oral Care delivered mid-single digit growth led by Closeup.
Foods had a flat USG with mid-single digit price growth offset by decline in volume. Tea delivered low-single digit growth led by premium brands such as 3 Roses and Taj Mahal. Coffee grew double-digit, led by strong performance in organized trade.
On the outlook front, the company expects moderation in consumption trends to continue in the near term. If commodity prices remain stable, low-single digit price growth is anticipated, and EBITDA is expected to be maintained at the lower end of its range of 23-24%.
Rohit Jawa, CEO and managing director, said, “FMCG demand trends remained subdued with continued moderation in urban growth while rural sustained its gradual recovery. In this operating context, we delivered competitive growth by driving unmissable brand superiority, investing behind brands and capabilities whilst maintaining healthy margins.
In line with our strategic intent to transform our portfolio in fast-growing spaces, I am excited to announce the acquisition of the premium actives-led beauty brand Minimalist. This acquisition is another key step to grow our Beauty & Wellbeing portfolio in the high growth masstige beauty segment.
We continue to make progress on unlocking a billion aspirations by contemporizing our core business, driving premiumization through our future core business and ushering market-making in new demand spaces. While we keep a close watch on the pace of recovery and the broader economic outlook in the short term, we remain confident of the medium to long term opportunity in the Indian FMCG sector and HUL’s ability to grow competitively.”
Meanwhile, in consideration of the demerger of the ice cream business, the company will issue one equity share of the demerged company for every equity share held in the existing company, i.e., in a 1:1 ratio.
Further, HUL has acquired the homegrown skincare brand Minimalist at a pre-money valuation of Rs 2,955 crore (nearly $350 million). The board at HUL has entered into a share purchase agreement for the acquisition of 90.5% of Minimalist shares at a cash consideration of Rs 2,670 crore (secondary buyout) along with Rs 45 crore as a primary infusion in the company.
The transaction is expected to be completed in Q1 FY2026 and the remaining 9.5% shareholding of uprising in about two years from the completion date.
Furthermore, the company’s board approved to the acquisition of the palm undertaking of Vishwatej Oil Industries. The proposed plan involves setting up sapling nurseries, palm fresh fruit bunch collection centres and a state-of-the-art palm oil mill in the state. HUL will establish a comprehensive farmer outreach programme to provide technical assistance to farmers for growing palm oil and introduce the best-in-the-class farming practices in line with the company’s global sustainable and regenerative agriculture principles.
Hindustan Unilever is India's largest fast moving consumer goods company.
The counter declined 1.06% to Rs 2318 on the BSE.
Profit before tax (PBT) jumped 15.59% YoY to Rs 3,978 crore in Q3 FY25.
The company reported an underlying sales growth (USG) of 2% and a flat underlying volume growth (UVG) in Q2FY25.
On outlook front, the company expects the moderation in consumption trends to continue in near term, if commodity prices remain where they are, low-single digit price growth expected and EBITDA to be maintained at the lower end of its range of 23-24%.
The counter rose 0.11% to end at Rs 2,342.95 on the BSE.