FMCG companies reported muted performance in Q3FY24 due to sluggish rural demand and increased competitive intensity, affecting overall volume growth. Amid this environment, let s analyse between ITC and Hindustan Unilever (HUL), which stock has better long-term investment opportunities.
New Delhi, Diversified entity ITC Ltd on Thursday reported a 6.11 per cent rise in consolidated net profit to Rs 4,955.90 crore for the September quarter amid
ITC commanded a market value of Rs 2,68,633.5 crore, as of December 31, 2021. Retail investors and HNIs together held 13.65 per cent stake in the company then.