By Debdeep Gupta | 23 Jan, 2025
Hindustan Unilever Q3: Brokerages cut target prices on weak near-term demand outlook, urban slowdown weighs; stock slips 3%
Shares of FMCG giant Hindustan Unilever Ltd. (HUL) slipped in trade on January 23, after the consumer staples reported an underwhelming earnings show for the October-December quarter (Q3) of the current financial year (FY25).At 9.20 am, shares of HUL sank over 3.2 percent to quote Rs 2,267.5 on the NSE.Hindustan Unilever reported a 19 percent rise in consolidated net profit for the third quarter e...
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DalalStreetCalls_1 2025-03-27 10:53:21
The company completed its Qualified Institutions Placement (QIP) and raised ₹500 crore. The board issued shares at ₹60 apiece, representing a 3.72 per cent discount to the floor price of ₹62.32.
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The company launched its qualified institutional placement on Monday, with the floor price set at ₹62.32 per share.
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Restaurant Brands Asia, which operates Burger King and Popeyes in India, reported a net loss of ₹50.3 crore for Q3 FY25, wider than the ₹36 crore loss recorded in the year-ago quarter. Revenue increased 5.8 percent YoY to ₹639 crore. EBITDA rose 1.6 percent to ₹69.4 crore compared to ₹68.3 crore in the previous year.
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