NSE:HINDUNILVR

Hindustan Unilever Launches New Fragrance Hub

Hindustan Unilever (NSE:HINDUNILVR, BOM:500696) has opened a new fragrance hub in Mumbai, India, to advance in-house, digitally enabled fragrance creation capabilities, according to a Tuesday filing to the Indian stock exchanges.This is the company's third global hub, following the UK and US, and is part of Unilever's overall 100 million-euro program for in-house fragrance creation.The hub has been set up at the campus of the Indian Institute of Technology Bombay.

Nomura Adjusts Hindustan Unilever's Price Target to INR2,650 From INR2,600, Keeps at Buy

Indian Indices Fall on Thursday as Crude Surge, Global Cues Weigh

Indian equities ended lower on Thursday as a broad-based selloff, rising crude oil prices and weak global cues weighed on sentiment.Continued foreign outflows also added pressure on the benchmarks.The BSE Sensex fell 582.86 points, or 0.8%, to close at 76,913.50, while the NSE Nifty declined 180.10 points, or 0.7%, to 23,997.55.Brent crude rose about 5% to $124 per barrel, raising concerns over inflation and growth for India, a major oil importer. The spike followed discussions by U.S. President Donald Trump with oil companies over potential supply disruptions linked to the prolonged blockade of Iranian ports.In corporate developments, Hindustan Unilever (NSE:HINDUNILVR, BOM:500696) fell nearly 3% even as it reported an increase in consolidated profit rose to 29.9 billion Indian rupees. Revenue from operations also increased to 161.7 billion Indian rupees from 149.6 billion rupees a year ago.Sun Pharma Advanced Research (NSE:SPARC, BOM:532872) declined about 4% after announcing the sale of a U.S. FDA-granted priority review voucher for $195 million. The proceeds are expected to support pipeline development and innovation strategy, the company said.

Hindustan Unilever's Consolidated Profit Rises in Fiscal Q4; Shares Down 4%

Hindustan Unilever's (NSE:HINDUNILVR, BOM:500696) consolidated profit rose to 29.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 24.6 billion rupees a year ago.Earnings per share came in at 12.72 rupees from 10.48 rupees a year earlier, the fast-moving consumer goods giant said in a filing to the Indian stock exchanges on Thursday.The revenue from operations in fiscal Q4 also increased to 161.7 billion Indian rupees from 149.6 billion rupees a year ago.The company's board recommended a final dividend of 22 rupees per share for the financial year ended March 31 on equity shares of 1 rupee each.The record date to determine the entitled shareholders for the final dividend has been fixed as June 23rd.The company's shares were down nearly 4% in recent trade.