Access Selected Content from Financial Times on Moneycontrol Pro

Access Selected Content from

Financial Times on Moneycontrol Pro

SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 04
MCX SILVER DEC 04
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 04
MCX SILVER DEC 04
MCX CRUDEOIL DEC 18
MCX NATURALGAS DEC 28
USD/INR
EUR/INR
GBP/INR
JPY/INR

Stock Market Live: Sensex trades 250 points higher, Nifty above 13,200; banks, metals lead

Asian shares extend gains on recovery hopes, following stellar November

Oil prices slip in cautious trade ahead of OPEC+ meet

Rupee slumps 35 paise to 74.76 against US dollar

Business

HUL Q2: Growth in foods & refreshment excludes M&A of health drinks, says CMD Mehta

Updated : October 20, 2020 04:30 PM IST

Hindustan Unilever’s second quarter earnings were in line with analyst expectations. The growth for the company was led by foods and refreshment segment.

“The 19 percent growth in foods and refreshment excludes the mergers and acquisitions of HFDs. We have had the excellent growth this quarter with tea, coffee as well as our foods portfolio,” said Sanjiv Mehta, Chairman and Managing Director of HUL.

Across the discretionary category, skincare and deodorant, business has been impacted, he said. “We believe that once people start stepping out, this will get back into its normal growth rate,” he said.

In the personal care space, Mehta added, “We are absolutely delighted with the progress that we have seen in the personal care. Our skin cleansing business is doing extremely well, we have got double digit growth in oral care, in hair.”

If there are lockdowns again, we will do our best to ensure that the consumers do not run out of our products, he said.

“These are essential products, given the experience the government will also do their best to make sure that anything in the space of essentials does not get disrupted even should we have the unfortunate circumstances of cases spreading again,” said Srinivas Phatak, Chief Financial Officer at HUL.

You May Also Like

Rate-sensitive stocks rise after RBI policy announcement: Bank, realty indices up 1%

Rate-sensitive stocks rise after RBI policy announcement: Bank, realty indices up 1%

Tata Power arm CGPL repays loans worth Rs 1,550 crore

Tata Power arm CGPL repays loans worth Rs 1,550 crore

OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal

OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal

Trending on CNBC-TV18

Live TV

recommended for you