Hindustan Unilever (HUL), the country s largest consumer goods company, reported a 41 per cent year-on-year (YoY) jump in net profit to Rs 2,143 crore for the quarter ended March 31, 2021 (Q4), aided by a low base and an all-round recovery across segments.
Bloomberg consensus estimates had pegged Q4 net profit at Rs 1,967.9 crore. A year ago, HUL’s net profit stood at Rs 1,519 crore.
Sequentially, HUL reported a 11.6 per cent growth in net profit, though revenue wasn’t able to hold up that well, growing 2.3 per cent only versus the December quarter. Revenue includes net sales plus other operating income. HUL’s stock closed at Rs 2,409.05 per share on the BSE on Thursday, remaining largely flat compared to the previous day s close.
Mrs Bectors IPO may ride piggyback on Burger King’s stellar listing
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The price offer seems expensive considering Mrs Bectors s 1% market share, an analyst says
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As Mrs Bectors Food Specialities Ltd’s initial public offering (IPO) opens today, there are two main factors that work in its favour. One, the company operates in the packaged foods segment, which has lately benefited from the increase in stay-at-home consumption during the pandemic. Mrs Bectors operates in the premium and mid-premium range of biscuits and bakery segment in North India. Secondly, the issue comes at a time when the IPO market is performing well. On Monday, Burger King India Ltd saw a spectacular listing gain with the stock more than double from its issue price of ₹60.