HUL, whose performance is seen as a proxy for the broader consumer sentiment in India, said it expects the gradual demand recovery to continue, aided by higher government spending, recovery in winter crop sowing and better crop realization.
According to chief executive Rohit Jawa, rural income growth and winter crop yields are key factors that will determine the company's pace of recovery.
For the three months ended 31 December, the maker of Lux soaps and Knorr soups reported a flat 0.55% increase in December quarter net profit to ₹2,519 crore, well below Street estimates. A Bloomberg survey of analysts expected the company to report a standalone profit of ₹2,680 crore.
Bu hikaye Mint Mumbai dergisinin January 20, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin January 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
World Bank calls for reforming skills training in India
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FCPA cases take long to conclude after indictment
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Short-covering, relief rally add ₹7.27 trillion wealth
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Wetter monsoon slows pace of adding new transmission lines
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COP29's $1.3 tn fund plan disappoints Global South
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Jaguar rebrand is pink, diverse and doesn't feature any cars
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Services up as manufacturing slows in Nov
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MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
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