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The Competition Commission of India (CCI) has approved Hindustan Unilever Limited's acquisition of the direct-to-consumer brand Minimalist. This strategic move is expected to enhance HUL's portfolio in the growing D2C segment, reflecting the company's commitment to expanding its market presence.
Analysts are cautious about the FMCG sector's Q3 results due to demand slumps and inflationary pressures, with expectations of continued earnings downgrades. ITC, HUL, and other major players are projected to see declines in profit margins and overall earnings, while only a few companies like ITC and Marico may report modest revenue growth. The macroeconomic environment remains challenging, impacting consumption and profitability across the sector.
Zomato has surpassed Hindustan Unilever (HUL) and Nestle in the Sensex, achieving a weightage of 2.77%. This milestone reflects Zomato's growing prominence in the market as it continues to gain traction among investors.
FMCG stocks faced a significant selloff on December 9, driven by concerns over a demand slowdown following a weak quarterly update from Godrej Consumer Products. Hindustan Unilever saw its worst decline in six weeks, dropping 4%, while Godrej plunged over 9%. The Nifty FMCG index fell over 2%, marking it as the worst performing sectoral index of the day.
Hulic Co., Ltd.
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