Hindustan Unilever Shares Surge on Earnings Recovery Hopes
Hindustan Unilever Ltd. shares rallied 4% Friday, building on Thursday's gains after reporting stronger-than-expected first-quarter results. The consumer goods giant led gains on India's Nifty 50 index as revenue growth and sales volume improvements signaled a gradual earnings recovery.
Macquarie analysts noted volume growth exceeded estimates, while HSBC praised HUL's volume-led strategy amid rising competition. The stock's performance outpaced both the benchmark index and the FMCG sub-sector during the trading session.