Unilever's India arm Q4 profit falls more than estimates as inflation, competition bite [Reuters]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
Company Research
Source: Reuters
fall in fourth-quarter profit on Wednesday, as consumers cut back on spending amid sticky food inflation, while stiff competition hurt demand. The company, whose brands include Dove, Cif and Cornetto, said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31, from 25.52 billion rupees a year earlier. Analysts, on average, had expected profit of 24.44 billion rupees, according to data from LSEG. Top consumer goods giants face increasing competition from regional rivals, as smaller manufacturers are now better-equipped to compete for shelf space due to easing commodity prices, including of wheat and sugar. Hindustan Unilever's sales rose only marginally to 146.93 billion rupees in the fourth quarter, with revenue in a key segment, beauty and personal care, declining 2.7%. Its shares closed 0.1% lower ahead of its results. They declined 15% in the March quarter, much more than the roughly 5% drop in the Nifty fast-moving consumer goods ind
Show less
Read more
Impact Snapshot
Event Time:
UL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UL alerts
High impacting Unilever PLC news events
Weekly update
A roundup of the hottest topics
UL
News
- TikTok, Facing US Ban, Tells Advertisers It Won’t Back Down [The New York Times]The New York Times
- FENC Uncaps Major Success with Global Sustainable Expansion in Recycled Polyester [Yahoo! Finance]Yahoo! Finance
- Canada 2022 emissions rebounded less than expected after pandemic [Reuters]Reuters
- ChannelEngine Enhances Amazon Capabilities with Acquisition of Retail Data Partners [Yahoo! Finance]Yahoo! Finance
- Dabur India beats Q4 profit view on steady domestic demand, lower costs [Reuters]Reuters
UL
Sec Filings
- 5/3/24 - Form 6-K
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- UL's page on the SEC website