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* Shares of Hindustan Unilever flat at 2,545 rupees; analysts flag "intense competition", rural slowdown ahead of Q3 results later in the day
* Analysts on avg expect Indian unit of UK's Unilever's profit to rise 7% to 26.8 billion rupees ($322.38 million) – possibly its slowest rise in 5 qtrs - LSEG data
* Regional companies making a comeback in several categories due to better quality products, affecting HLL - Elara Capital
* Brokerage also flags "intense competition" among HLL, Britannia and Dabur
* Centrum says competition lies in soaps and detergents segment; sees rev growth of 3.5% with price cuts boosting volumes, adding growth limited due to rural slowdown in central India
* BOBCAPS sees HLL's volumes rising just 2%; Jefferies eyes HLL commentary balanced between volume push and margin recovery
* Stock rated "buy" on avg, in line with most other stocks on 15-member Nifty FMCG index – LSEG data
I normally add during the spring dip. Unfortunately there wasn't one last year. This years has started early so I have taken what was on the table and added a few more. Normally a divi hunter but these are offering 4% and I think they grew last year and generally have a rising trend. My originals have more than doubled their yield. additionally the SP is well under the 200 day average
Hopefully the idiots that sometimes run a business will be swapped with more capable idiots. I wonder where this would be if Mr Buffet had managed to get them for £44.
Id be interested in his current valuation.
Ben and Jerry’s has called for a permanent ceasefire in Gaza, in a move that risks reigniting tensions with parent company Unilever over the ice cream maker’s stance on Israeli policies.
The decision follows a long-running dispute between the parent and subsidiary over the ice cream brand’s attempt in 2021 to stop selling its products in occupied Palestinian territories.
To prevent the move, Unilever sold the Israeli arm of the brand to a local licensee. Ben and Jerry’s responded by filing a lawsuit against Unilever, in a rare case of a company being sued by its own subsidiary. Unilever said in December 2022 that the lawsuit had been resolved, and the Israeli business is now owned by local licensee Avi Zinger.
The ice cream maker's board chair Anuradha Mittal told the FT: 'Peace is a core value of Ben & Jerry’s.'
Https://uk.finance.yahoo.com/news/3-cheap-uk-shares-d-154447050.html
Consumer goods behemoth Unilever (LSE: ULVR) is a great example of a company that looks to be (temporarily) out of favour. A cost-of-living crisis has pushed at least some consumers to switch from well-known brands to cheaper alternatives, hindering sales growth.
But it’s exactly these short-term headwinds that I’m looking for.
Right now, Unilever shares change hands for 16 times expected earnings. That doesn’t look screamingly cheap at face value. However, it’s lower than the valuation over the last five years. That’s the important bit for me. One should never compare apples with oranges, or Unilever with, say, a banking or oil stock.
With the economic climate still uncertain, it could be a while before the market warms to this company again.
Still, there’s a market-beating 4.1% yield in the offing as things stand. That’s more than enough to keep me patient until (I’m assuming) habitual spending patterns return.
Unilever wants to tap UEFA EURO 2024's live audience of 5 billion people worldwide
Unilever kicked off a multi-brand partnership with UEFA EURO 2024 in December 2023.
FMCG juggernaut Unilever and The Union of European Football Associations (UEFA) kicked off a multi-brand partnership in December 2023, naming brands from Unilever’s Nutrition and Personal Care Business Groups as Official Sponsors of UEFA EURO 2024. Some of Unilever’s best-known Nutrition and Personal Care brands, from Hellmann’s and Knorr to Dove and Rexona (also known as Sure) were named as Official Sponsors of UEFA EURO 2024.
From Unilever’s portfolio of household brands, the Nutrition brands that will activate throughout UEFA EURO 2024 include Hellmann’s, Calve, Knorr, Colman’s, Amora, and The Vegetarian Butcher. Building on Unilever Personal Care’s record of sponsoring major sporting events and building a love of sport at a community level, Rexona (also known as Sure, Shield and Degree globally), Dove Men+Care, Axe (Lynx in the UK), Radox and Dusch Das are also Official Sponsors.
As the world’s most popular sport, millions of people will come together over their shared love of the game. It is anticipated that UEFA EURO 2024 will attract a cumulative live audience of 5 billion people worldwide. UEFA EURO 2024 will welcome 2.7 million fans in person as they watch 51 matches across ten German cities.
Peter Dekkers, Nutrition General Manager Europe, Unilever said: “The enjoyment of food plays such an important role in how we come together with friends and family over sporting events, whether we’re watching together with thousands of others in stadia or cheering from the comforts of home. Unilever Nutrition brands are proud to be part of this huge European event, which also has global appeal, and to reach more people through their love of football.”
Fulvio Guarneri, Personal Care General Manager Europe said: “It is a great source of pride for us to be supporting UEFA EURO 2024. Our Personal Care brands are all about helping people to feel clean and confident, and to participate in sports, so this is a great way to engage with the millions of consumers who will be coming together during the tournament, whether supporting their national teams or building a love of football in communities."
“We are delighted to announce our partnership with Unilever for UEFA EURO 2024, a collaboration that celebrates a shared passion and commitment to connecting with football fans across Europe and the world," said Guy-Laurent Epstein, Marketing Director at UEFA. “Unilever’s nutrition and personal care brand portfolio reaches billions of people every day, and I am confident that together we will bring a new dimension of engagement and excitement to fans everywhere.”
Https://www.unilever.com/news/press-and-media/press-releases/2023/unilever-to-acquire-premium-haircare-brand-k18/
I don't see the acquisition fitting in the strategy to focus on the top brands to drive growth.
The product is very expensive and addresses a public where Unilever does not operate.
ULVR will likely be extremely cautious prior to engaging in any notable M&A activity, especially post the fiasco of GSK/HLN bid attempts by the previous ULVR CEO Alan Jope which probably cost him his job!
In general this is good news, they are doubling down on the strongest and hopefully most profitable brands, and getting rid of some of the excess or less well performing ones. The key is these disposals will impact revenue, but if we get some cash for them and can deploy the cash in better places then great. Now it will be interesting to see when the cash hits the balance sheet where it might go, capex? other m&a? buyback? debt pay down?
"Consumer goods giant Unilever (ULVR.L) on Monday said it would sell Elida Beauty, its non-core beauty and personal care division, to U.S. private equity firm Yellow Wood Partners.The financial terms of the deal, expected to be completed in mid-2024, were not disclosed. Elida's portfolio comprises of more than 20 beauty and personal care brands including Q-Tips, Brut, Caress, Timotei and Tigi and the business generated about 800 million pounds ($1.02 billion) in revenues in 2022."
https://www.reuters.com/markets/deals/unilever-sell-elida-beauty-yellow-wood-2023-12-18/
Anyones thoughts on this and how this will change the business/share price
During the crazy period with Jope the dope, Unilever went on a spree of acquisition of minor brands with the short sighted hope to turn them into multibillion established brands. Crazy how they forked out 1 billion pounds for Dollar Shave Club, which turned into a failure and the fresh management had to clean up the mess by selling it off at a loss.
I trust the new management, no more purpose to brands, no more woke culture, no more crazy acquisitions of small brands, most of which belong to oblivion.
I expect Ben and Jerry's to be sold off in due time, the Ben and Jerry's independent management has only given ice-cream headaches to the parent company. Overpriced products, despite the recipe may be considered good, customers can't digest it due to the politics packaged in it.
Schumacher starting to implement his plan to concentrate on key areas. Seems he is happy that there are better places to have the companies investment.
Unilever in advanced talks to sell Elida Beauty to Yellow Wood-sources
https://www.reuters.com/markets/deals/unilever-advanced-talks-sell-elida-beauty-yellow-wood-sources-2023-12-14/
In City AM, Nick Train said he has recently added more ULVR shares as he thinks they look underpriced
Shares were trading at 50 pounds per share in 2019, how did the market get that sort of valuation back then? maybe lack of opportunities in the market. In 2022 pretax profit were 25% higher and the share price is now 25% lower.
New ULVR Chairman to start on 1 Dec, hopefully along with the recently appointed CEO, we may start to see some green shoots here from next year.
Taken 200 shares here this morning - Vastly underrated IMO.
Q4 sales year on year are forecast to show an increase in excess of 5% for this present trading year.
Looking at the dividend cover/PE ratio a Q4 Dividend of around 40p a share is easily payable however my remark was "hoping for" that amount and not " expecting"..
At the end of the day with a new CEO in place we do not know what his strategy is regarding dividends.
GLA
Not that much of a breaking news, but published as one, I guess.
Note: The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
https://www.reuters.com/breakingviews/brandings-corporate-titans-face-moment-truth-2023-11-22/
Is it the end of brands for food, beauty, consumer goods in general?
I don't like ice creams in general that is why I cannot really tell the difference.
I am under the impression this is going to get much cheaper. Till the next set of results in February
To be fair to Unilever, most of the other Magnum type ice cream lollies pale in comparison, and therefore should be far cheaper.
Unilever is starting to look like a buy as the share price drops below 3800p
The people in Unilever are the same, what changed is the top management and the reshuffle in the management.
I cant wait to see what the strategy will bring about. I am not surprised Unilever suffered from volume declines in Europe, the price hikes were brutal. A pack of 4 magnums sells for £1.60 more than the supermarkets own labels
It all depends on the new Unilever team and of course status of the global consumer!
What does suggest that it may be 40p per share in Feb24?