Hindustan Unilever Ltd (HUL) said it will integrate the food and refreshment categories in South Asia effective July 1.
HUL commanded a market capitalisation (m-cap) of Rs 3,47,212.06 crore, which was Rs 2,867.88 crore more than that of ITC's Rs 3,44,344.18 crore valuation.
Shares of HUL rose for the second day today, ending with nearly 4 percent gains, helped by encouraging earnings for the fourth quarter ended March 2018.
FMCG major Hindustan Unilever Ltd (HUL) today reported 14.2 percent increase in its standalone net profit to Rs 1,351 crore for the fourth quarter ended March 31, mainly on the back of volume growth.
TCS became the first Indian company to close the trading session with over USD 100 billion market valuation.
The broader NSE Nifty was up 0.16 percent at 10,565.10 as of 0554 GMT, on track to post its longest winning run since late Jan 2015.
Hindustan Unilever Ltd reported a 27.74 percent increase in its net profit at Rs 1,326 crore for the quarter ended Dec 31.
Healthy buying in IT, metals and healthcare stocks pushed the key Indian equity indices higher during the mid-afternoon trade session
HUL will loosen its purse strings by Rs 2,084 crore for paying dividend to shareholders as well as the dividend distribution tax in the current fiscal.
Net sales during the quarter under review stood at Rs 8,199 crore as against Rs 8,335 crore in the year-ago period, down 1.63 per cent.
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