Report by- Sabyasachi Bhattacharya
HUL announced their Q2 results; Profit jumps 20% to 1,525 crores-
FMCG major Hindustan Unilever has reported 19.5 percent year-on-year growth in standalone profit to Rs 1,525 crore, driven by strong volume growth and operational performance. Stellar performance in Home Care continued with Fabric wash and Household care delivering double-digit growth. Company’s market development and premium initiatives are delivering good results. The company appointed Leo Puri as an independent director on its board effective October 12, 2018. Let us take a look at the key points from their report-
- Revenue during the quarter increased 11.1 percent year-on-year to Rs 9,234 crore with volume growth of 10 percent which was ahead of Street expectations of around 7-9 percent.
- EBITDA (earnings before interest, tax, depreciation and amortization) grew by 20 percent to Rs 2,019 crore and margin expanded by 170 bps (basis points) to 21.9 percent compared to year-ago period.
- Home care business during the quarter grew by 12.4 percent to Rs 3,080 crore with its EBIT rising 28.5 percent driven by strong volume growth YoY.
- Company’s beauty & personal care segment revenue increased 10.4 percent year-on-year to Rs 4,316 crore with EBIT showing a 17.6 percent growth.
- Foods & refreshment revenue in Q2 grew by 11.7 percent to Rs 1,704 crore and its EBIT jumped 24.7 percent to Rs 288 crore compared to year-ago.
- Hindustan Unilever share price closed at Rs 1,568.65, up 2.63 percent from previous close. Second quarter earnings announced after market hours.
Take a look at the company’s report, released today.
Source-HUL, MoneyControl, Purple Trades Research Department
Bulls rule Dalal Street as Nifty and Sensex recover from their yesterday’s fiasco-
Chart source- Upstox
After a day of absolute madness in the stock market, finally the bulls entered today and made some recovery. The Sensex ended over 700 points higher, while the Nifty ended above 10,450-mark. The market opened high, Nifty opened with a Gap-Up of 83.25 points which was a major Positive Sign for the investors, from there on market continuously moved forward. In the last 2 hours before the closing of the equity markets for the week market encountered a crucial resistance made by Day-before-yesterday’s close. The market consolidated there for almost 2 hours and ended lower the resistance. Indian market rallied despite a weakness in the US markets, where the Dow closed over 500 points lower. If the markets cross that resistance, shown in orange color in the chart, on Monday then we can see a continuation of the trend but if the markets breach the purple line below then we can see the bears take some action in the market. But if there is any news in the weekend then only God will help. At the close of market hours, the Sensex ended up 732.43 points or 2.15% at 34733.58, while the Nifty closed higher by 237.80 points or 2.32% at 10472.50. The market breadth was positive as 2,024 shares advanced, against a decline of 630 shares, while 801 shares were unchanged. Let’s see what happens on Monday. Let us look at some of the factors that moved the markets upwards-
- Gold prices fell 0.44% to Rs 31,850 per 10 grams in futures trade as participants cut down their bets amid a weak global trend. As Gold prices drop investors move from safe haven of precious metals to more risky options of Equities.
- Global markets, except American Indices DOW and S&P, moved forward. Let us take a look at the global Indices-
- Oil in the early morning time fell down heavily after reaching the top.
Source- MoneyControl, Purple Trades Research Department
Top sectors that moved the market today- Data source- Moneycontrol
Top Gainers for today- Data source- Moneycontrol
Top losers for today- Data source- Moneycontrol