Hindustan Unilever’s stock rose 3.5% after reporting June quarter results that exceeded expectations, despite a slight dip in Ebitda margin due to increased advertising. Sales volume grew by 4%, with underlying sales growth reaching 5%. The company anticipates sustained business momentum, driven by price increases and stable input costs, expecting Ebitda margins to remain between 22% and 23%.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.