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Important results today: Hindustan Unilever, Nestle India, L&T Tech

ACC, Consolidated Construction Consortium, DCM Shriram, Heidelbergcement India are set to release their quarterly earnings today.

October 19, 2021 8:42 IST | India Infoline News Service
Quarterly Results
Quarterly results that are expected today include Hindustan Unilever, Nestle India, ACC, Consolidated Construction Consortium, DCM Shriram, Heidelbergcement India, ICICI Prudential Life Insurance Company, ICICI Securities, JSW Ispat Special Products.

Jubilant Ingrevia, L&T Technology Services, Mastek, Navin Fluorine International, Nelco, Network18 Media & Investments, Oriental Hotels, Rallis India, Rane Brake Lining, Shakti Pumps, Standard Industries, Sonata Software, Tata Steel BSL, TV18 Broadcast, 5paisa Capital will release their quarterly earnings today.

According to the media reports, Hindustan Unilever (HUL) is likely to report an 8-10% yoy rise in net profit on a double-digit rise in sales. Volumes may rise 5-6% while margins may contract on a yoy basis. The outlook on rural business, recovery in personal care, pricing actions and new launches strategy and sustainability of cost-saving initiatives will be in focus.

Nestle India is expected to see its revenues at Rs3,900cr with an increase of 11-14% qoq and by 8-11% yoy. EBITDA may increase by about 11% qoq and by about 7-8% yoy to Rs950cr, the media reports added.

Stock view:

Hindustan Unilever Ltd ended at Rs2,667 up by Rs12.85 or 0.48% from its previous closing of Rs2,654.15 on the BSE.

Nestle India Ltd ended at Rs19,544.70 up by Rs117.45 or 0.6% from its previous closing of Rs19,427.25 on the BSE.

ACC Ltd ended at Rs2,330 up by Rs25.75 or 1.12% from its previous closing of Rs2,304.25 on the BSE.

ICICI Prudential Life Insurance Company Ltd ended at Rs681.95 up by Rs8.65 or 1.28% from its previous closing of Rs673.30 on the BSE.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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