Hindustan Unilever Q2FY07 Results

Hindustan Unilever Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 4080.60 million for the quarter ended September 30, 2007 where as the same was at Rs 5207.40 million for the quarter ended September 30, 2006. Total Income is Rs 34704.90 million for the quarter ended September 30, 2007 where as the same was at Rs 31628.20 million for the quarter ended September 30, 2006.

The results for the quarter are not comparable to those of SQ’06 to the extent of amalgamation of Modern Foods (India) Ltd and its subsidiary with the Company.

Hindustan Unilever celebrates 75 years

Hindustan Unilever Ltd has announced that the Company on October 17, 2007 enters its 75th year of existence in India. Then known as Lever Brothers India Ltd, the Company was incorporated on October 17, 1933. The start of the Platinum Jubilee year is being celebrated by 15,000 employees at the Head Office in Mumbai and in over 40 locations throughout the country.

In these years, the Company and it's brands, like Lux, Lifebuoy, Vim, Surf, Rin, Wheel, Closeup, Brooke Bond, Bru, Clinic Plus, Fair & Lovely, Pond's, Lakme, Sunsilk, Kwality Wall's, Kissan and Knorr among others, have become household names used by 700 million consumers across India.

Mr. Doug Baillie, CEO and Managing Director, of the Company, said, "As India's largest FMCG Company, we have been close to the heart of India for 75 years and we pledge to continue our commitment to 'Earn the love and respect of India, by making a real difference to every Indian".

Hindustan Unilever

HSBC Securities and Capital Markets India Pvt Ltd (Manager to the Buyback Offer) on behalf of Hindustan Unilever Ltd (Target Company) has issued this Public Announcement ("PA") to the Shareholders of Target Company, Pursuant to the provision of Regulation 8(1) read with Regulation 15(c) of the Securities & Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended and contains disclosure as specified in Schedule II to these Regulation.

The Target Company announces its intention to buy-back its fully paid-up equity shares of face value of Re 1/- each (Equity Shares) from the existing registered shareholders / beneficial owners of the Equity Shares of Target Company (Buy-back.) through the open market, pursuant to Article 169A of the Articles of Association of the Company and in accordance with Sections 77A, 77AA and 77B of the Companies Act, 1956 (the Act) and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the Buy-back Regulations) at a price not exceeding Rs 230/- per Equity Share (Maximum Offer Price) payable in cash, for an aggregate amount not exceeding Rs 630 Crores (Offer Size) i.e. within 25% of the existing Paid up Equity Share Capital and Free Reserves of the Company as on December 31, 2006 (the date of the last audited accounts).

The maximum number of Equity Shares that can be bought back cannot exceed 55,16,94,024 Equity Shares being 25% of 220,67,76,097 Equity Shares of Re 1/- each. There is no specific minimum number of shares that the Company proposes to Buy-back.

The Company will implement the Buy-back by way of Open Market purchases through the BSE and the NSE using their nationwide electronic trading facilities.

Schedule of activities:

Board Meeting approving Buy-back: July 29, 2007

Shareholders approving Buy-back through postal ballot: September 14, 2007

Date of Commencement of the Buyback: October 03, 2007.

Acceptance of Equity Shares: Within 15 days of the relevant payout date of the Stock Exchange.

Extinguishment of Equity Shares: Within 7 days of acceptance as above.

Last Date of Buyback: September 13, 2008 or when Target Company has completed Buy-back to the extent of Rs 630 Crores under the Buy-back or such other date as may be determined by the Company at anytime even if the maximum limit of Buy-back of shares has not been reached (by giving appropriate notice for such earlier date, if any), whichever is earlier.

Funds buy FMCG Stocks

A combination of factors like above normal rainfall, improved fundamentals and reasonable valuations has rejuvenated interest in fast moving consumer goods (FMCG) scrips, which were earlier seen to be lagging.

The scrips have been attracting a lot of fund-based buying and have, in fact, emerged as market outperformers over the past two months. Sources said mutual funds (MFs) have been accumulating leading stocks such as ITC and Hindustan Unilever (HUL), which are perceived to be good defensive bets when the market is highly volatile.

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