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FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9\% in 2 days. Shares of fast moving consumer goods (FMCG) companies were under pressure for the second straight day on Wednesday, falling nearly 5 per cent during the period, on concerns of slowing sales in the rural market.
Who is the biggest competitor of Hul?
Hindustan Unilever’s competitors Hindustan Unilever’s top competitors include ITC, Marico, Cafe Coffee Day and Coca-Cola European Partners. Hindustan Unilever, a consumer goods company, manufactures and sells home and personal care, food, and refreshment products in India and internationally.
Does Unilever own GlaxoSmithKline?
On 3 December 2018, GSK announced that Unilever would acquire the Indian-listed GlaxoSmithKline Consumer Healthcare business for US$3.8 billion (£2.98 billion). Unilever will pay the majority of the deal in cash, with the remaining being paid in shares in its Indian operation, Hindustan Unilever Limited.
Is GSK sold to Hul?
HONG KONG/SINGAPORE: GlaxoSmithKline said on Thursday it sold its stake in Unilever’s Indian business for $3.35 billion, which Refinitiv says is the largest block trade ever to have been carried out in India.
Is it good to invest in Hul?
Yes, HUL shares are good to invest based on fundamental analysis. Yes, HUL shares are good to invest based on fundamental analysis.
Will HAL shares increase in price?
Hindustan Aeronautics Limited quote is equal to 1259.250 INR at 2021-12-17. Based on our forecasts, a long-term increase is expected, the “HAL” stock price prognosis for 2026-12-14 is 3408.480 INR. With a 5-year investment, the revenue is expected to be around +170.68\%.
Which is better HUL or ITC?
Net Profit Growth: The profit growth of ITC has been much better than that of HUL. While HUL posted profit growth of 3.42\% CAGR from 2013 to 2017, ITC on the other hand posted much higher profit growth of 6.58\% CAGR. Operating Cash Flow Growth: Not just Profits, ITC has generated more cash, faster than HUL.
Why did HUL acquired GSK?
The decision of HUL to buy the business of GSK India would easily give rise to the assumptions that the company is focusing on strengthening its market in the food and refreshment segment. After occupying products like Horlicks and Boost, the profit margin would immediately rise.
Why did GSK sell Horlicks to HUL?
GSK brands like Horlicks, Boost, Maltova and Viva have come to HUL’s portfolio as part of the merger. Horlicks, that controls over half the malted beverages category, will help HUL’s focus to build a profitable and sustainable nutrition business in India, added the statement.
Why did HUL merge with GSK?
After considering multiple bids from various companies like Coca-cola, Nestle and Unilever, GSK decided to merge its Indian subsidiary with HUL for a total consideration of Rs. 42,242 Cr. approximately which was equity-based. The share swap ratio was 4.39:1 i.e. 4.39 shares of HUL for every single share of GSK India.
Is Hindustan Unilever Indian company?
Hindustan Unilever Limited (HUL) is a consumer goods company headquartered in Mumbai, India. It is a subsidiary of Unilever, a British company. HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co.