Tue, Aug 22, 2017 | updated 02:59 PM IST

HUL Q1 net likely up 10 pct on margin; growth around 5 pct

Updated: Jul 16, 2016 17:41 IST      
HUL Q1 net likely up 10 pct on margin; growth around 5 pct

New Delhi, July 16 (ANI): FMCG major Hindustan Unilever ( HUL), which is set to announce its first quarter earnings on July 18, expects a profit of 10 percent year-on-year to Rs. 1,156 crore on margin expansion, according to average of estimates of analysts.

In a poll conducted by CNBC-TV18, the company revenue is seen rising 5.6 percent to Rs. 8,557 crore in the quarter ended June 2016 from Rs. 8,105 crore in year-ago period with volume growth around 4.5-5.5 percent.

Meanwhile, the gross margin is likely to be at around 52.5-53 percent for the quarter but expansion may taper going ahead as commodity prices are bottoming out.

As per the analysts, benefits from monsoon and 7th Pay Commission may be seen October 2016 onwards.

Operating profit may increase nine percent to Rs. 1,641.8 crore and margin may expand 60 basis points to 19.2 percent compared to year-ago period. (ANI)

New Delhi [India], August 22 (ANI): Taxi aggregator Ola and US-based tech giant Google on Tuesday announced their inter-city travel partnership, whereby commuters travelling between cities will now be able to discover Ola Outstation, a smart mobility solution for inter-city travel on Google Maps for mobile, thereby, directing customers to the Ola app to conveniently complete the booking.

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New Delhi [India], August 22 (ANI-NewsVoir): CAYA Constructs, a social enterprise, collaborated with the blockbuster satirical comedy 'Toilet: Ek Prem Katha' (TEPK), starring Akshay Kumar and Bhumi Pednekar. This quirky tale on toilets supports Prime Minister Narendra Modi's Swachh Bharat Mission, a governmental campaign to improve sanitation and hygiene conditions in India.

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Mumbai (Maharashtra) [India], August 21 (ANI): Ahead of the bank strike to be held on Tuesday, Vice President of the National Organization of Bank Workers, Ashwani Rana said the government should take responsibility of any inconvenience caused to customers due to the non-operation of banks on account of the strike.

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New Delhi [India], August 21 (ANI-BusinessWire India): Gemological Institute of America (GIA), in collaboration with the Maharshi Karve Stree Shikshan Samstha (MKSSS), Pune, presented skill-enhancement training programmes, Applied Jewelry Professional (AJP) and SWIFT Jewellery Design, to 51 students. This training, supported by GIA's endowment fund, concluded with a graduation ceremony for the students on August 17 at the MKSSS Campus.

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New Delhi [India], August 21 (ANI-BusinessWire India): Witnessing an increase in demand for the ready to move in apartments post the successful implementation of the Goods and Services Tax (GST) and RERA Act, Tata Housing - India's leading real estate development company on Monday launched 'Move in India', a nation-wide campaign that will offer a 24 months assured rental on its projects across the country.

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Bengaluru (Karnataka) [India], Aug 21 (ANI): Samsung India has collaborated with the Government of Karnataka for a notebook donation drive to extend its support to students from government schools across Bengaluru, Kolar and Mulbaghal districts in the state.

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New Delhi [India], August 21 (ANI-NewsVoir): The Lottery Bachao Mahakruti Samiti, an association representing stake-holders in the online lottery business across Maharashtra has appealed to the central government to reconsider a levy of 28 percent Goods and Services Tax (GST) on lottery prize money, the highest tax slab under the tax regime.

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New Delhi [India], August 21 (ANI-NewsVoir): Paisabazaar.com, India's No. 1 loans and cards marketplace on Monday announced that it disbursed unsecured loans to 244 cities and towns across India last month.

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New Delhi [India], Aug 21 (ANI-BusinessWireIndia): Ahead of the festive season, OnePlus announces OnePlus Super Seller Week on Amazon from 21st to 25th August, 2017 with exciting offers on OnePlus 5 and OnePlus 3T. During this week, the new variant of OnePlus 5 also went live, giving the fans of Slate Graycolor, more options. OnePlus 5 Slate Gray is now available for purchase in 8GB + 128 GB version for Rs. 37,999 on Amazon.in and oneplusstore.in.

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New Delhi [India], August 21 (ANI): In a bid to augment financial inclusion in India, fintech startup LoanAdda on Monday announced the launch of LoanSwift, enabling the firm to analyse vast amounts of non-traditional credit data to increase loan approval rates and reduce the risk of credit decisions.

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New Delhi [India], Aug 21 (ANI): In line with the company's continued efforts to strengthen and professionalize its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed Rumpa Roy as Head of Business Excellence.

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New Delhi [India], August 20 (ANI): In a move to bring home-buyers and banks in the real estate sector at par, the ASSOCHAM urged the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to chalk out a separate carve-out for those stuck in the incomplete construction and introduce a presidential ordinance to eradicate legal hurdles immediately, if any.

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RBI Governor urges time-bound resolution of stressed assets

Updated: Aug 19, 2017 15:45 IST     

New Delhi [India], Aug 19 (ANI): Reserve Bank of India (RBI) Governor Urjit Patel on Saturday noted that given the current position of public sector banks, time-bound resolution of stressed assets is crucial, in order to facilitate resolution of stressed assets and reallocate capital.

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New Delhi [India], Aug.19 (ANI): Baldeo Bhai Sharma, Chairman, National Book Trust (NBT), today underlined the importance of nurturing creativity and innovation in children at an early age for the economic and spiritual development of the nation.

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E-Commerce industry risk review by Alea Consulting

Updated: Aug 19, 2017 15:05 IST     

New Delhi [India], August 19 (ANI-NewsVoir): In India, eCommerce accounts for 1.5 percent of India's GDP, and is likely to reach 2.5 percent by 2030. In 2016 the sector grew by 55 percent to USD 16 billion. With the increase in internet users, Indian e-Commerce industry is poised to surpass the United States and become second largest in the world, after China, by 2034.

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Adarsh Credit Co-operative Society ties up with Oppo Mobiles

Updated: Aug 19, 2017 14:46 IST     

New Delhi [India], August 19 (ANI-NewsVoir): Adarsh Credit Co-operative Society Ltd. tied up with OPPO mobile company for providing financial services for its advisors which will help them in providing better services through Adarsh mobile money application. The tie-up of this kind is for the first time in the co-operative sector which will help in accelerating financial inclusion in the country.

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Kutchina Foundation celebrates Annual Day

Updated: Aug 19, 2017 14:45 IST     

New Delhi [India], August 19 (ANI-NewsVoir): Kutchina Foundation celebrated its annual day to commemorate the outstanding contributions and efforts by the existing Krritikas in bringing about a social impact and change in the society and to introduce the new Krritikas who have been identified to be offered fellowship for their respective projects under Kutchina Krritika - an initiative to identify woman change-makers and support them. The women identified under this initiative are called 'Krritikas' as it stands for a group of stars (female Nakshatras) also known as the "Stars of Fire" and is related to a commander, foster mother, luster, glow of power, physical and creative force.

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New Delhi [India], Aug.19 (ANI): The Global Business Travel Association (GBTA),the voice of the global business travel industry, kicked off GBTA Conference 2017 New Delhi on Friday as part of its India Conference Series 2017.

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New Delhi [India], Aug 18 (ANI): The Ministry of Finance on Friday released a clarification regarding the number of taxpayers that have been added after demonetization.

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New Delhi [India], Aug 18 (ANI): Celebrating the occasion of world Entrepreneurship Day, ASSOCHAM (Associated Chambers of Commerce and Industry of India) on Friday bestowed Mobikwik co-founder Upasana Taku with the 'Best Woman Entrepreneur Award 2017' in the national capital.

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