Shares of Hindustan Unilever Ltd (HUL) slipped as much as 4.4% to an intraday low of Rs 2,211 on the BSE on Thursday, despite the FMCG major reporting a consolidated profit of Rs 2,992 crore for the March quarter of FY26, up 21.4% from Rs 2,464 crore in the year-ago period.

Revenue from operations rose 7.6% YoY to Rs 16,351 crore, compared with Rs 15,190 crore in Q4FY25.

EBITDA increased 3.2% to Rs 3,877 crore versus Rs 3,754 crore in the corresponding quarter last year. EBITDA margins stood at 23.7%, improving by 70 basis points YoY. Segment-wise, Home Care grew 9%, marking its strongest performance in 11 quarters, led by double-digit growth in Fabric Wash and high single-digit growth in Household Care.

Beauty & Wellbeing delivered 8% USG with mid single-digit UVG, supported by strong double-digit growth in Hair Care, which continued to strengthen its leadership position. Personal Care grew 5%, with Skin Cleansing posting high single-digit growth, driven by Dove and Lux. Market development initiatives also supported double-digit competitive growth in premium soaps and bodywash.

The Foods segment recorded 5% USG, led by high single-digit UVG. Tea reported low single-digit UVG, while Coffee continued its strong double-digit growth, supported by both volume and pricing.

Priya Nair, CEO and Managing Director, said FY26 saw an improved demand environment backed by supportive macroeconomic policies. She noted that the company undertook several actions to accelerate growth, including portfolio sharpening, higher investments, stronger frontline demand generation and organisational simplification.
She added that the company remains well placed to navigate a volatile environment, supported by strong brands, a robust financial position and operational agility, with a focus on delivering sustainable and competitive growth.The board proposed a final dividend of Rs 22 per share, subject to shareholder approval at the AGM. This is in addition to the interim dividend of Rs 19 per share declared in October 2025, taking the total dividend payout for FY26 to Rs 9,633 crore.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

DETROIT — A massive wave of off-lease electric vehicles is poised to crash into the U.S. used-car market, creating fresh headaches for automakers already struggling with slowing new EV sales and plunging resale values.

Industry analysts estimate roughly 800,000 EVs could hit the secondary market by 2028 as three-year leases signed during the height of federal tax credit incentives begin expiring. The influx — peaking around 2027 and 2028 — threatens to drive down prices further, saddling manufacturers and their finance arms with potential losses of up to $8 billion.

The numbers are staggering. EV lease returns are projected to climb from about 123,000 in 2025 to 300,000 in 2026 and double to 600,000 in 2027, according to recent forecasts. That cumulative surge of more than 1 million vehicles over several years will dramatically reshape the used-car landscape.

Many of these returning EVs were leased when new models qualified for the $7,500 federal tax credit, spurring aggressive manufacturer leasing programs. Tesla, General Motors, Hyundai-Kia, Ford and others pushed leases to move inventory. Now those vehicles are returning with residual values far below what captive finance arms projected just a few years ago.

A three-year-old EV today retains roughly 40% of its original value, down sharply from near 90% in earlier periods, according to data cited by Automotive News. The gap between lease-end expectations and actual market prices could average $5,000 to $20,000 per vehicle, with analysts pegging the industry hit at around $10,000 on average.

Tesla faces the greatest exposure, having leased nearly 229,000 EVs in 2025 alone. GM follows with about 102,000. Combined losses for major players could exceed $1 billion each in the peak year depending on how aggressively they adjust residuals going forward.

The threat comes at a precarious time for the EV transition. New EV sales dropped 28% in the first quarter of 2026 after the expiration of federal tax credits, falling to roughly 212,600 units. Yet the used market tells a different story: Americans bought a record 42,924 used EVs in March alone, up nearly 28% from a year earlier. First-quarter used EV sales reached 93,500 units, up 12% year-over-year.

Used EV prices have fallen dramatically, now sitting within about $1,300 of comparable gasoline vehicles — the narrowest gap in years. That affordability is drawing in buyers deterred by high new-car sticker prices and range anxiety.

“These off-lease vehicles will increase consideration for EVs for a lot of used-car shoppers,” Stephanie Valdez Streaty, Cox Automotive’s director of insights, told reporters. Higher gasoline prices above $4 a gallon in many markets are accelerating the shift.

For consumers, the flood represents opportunity. Late-model EVs with low mileage, remaining factory warranties and advanced features are appearing at dealerships and online marketplaces at steep discounts. Popular models like the Tesla Model 3 and Model Y, Chevrolet Bolt, Ford Mustang Mach-E and Hyundai Ioniq 5 are expected to dominate the wave.

Dealers are bracing for the inventory surge. Off-lease EVs could make up nearly 15% of used-vehicle supply by the end of 2026, up from much lower levels. While this boosts selection and potentially foot traffic, it also compresses profit margins on both new and used lots as buyers compare options.

Automakers worry the cheap used supply will cannibalize new EV demand. Why pay full price for a new model when a two- or three-year-old version costs tens of thousands less? This dynamic already forced some brands to slash new EV prices or pull models entirely in 2026.

The depreciation curve for EVs has proven steeper than anticipated. Rapid technological improvements — longer ranges, faster charging, cheaper batteries — make even recent models feel outdated quickly. Battery health concerns, though often overstated with proper data from services like Recurrent, still give some buyers pause.

Yet real-world data shows many off-lease EVs retain strong battery capacity. Most come with 70% to 90% state of health after typical use, well within warranty coverage that often extends eight years or 100,000 miles.

The flood also highlights shifting manufacturer strategies. Several automakers have dialed back EV ambitions, prioritizing hybrids and extending gasoline vehicle production as consumer demand cooled. Lease penetration for EVs, once double the industry average, is expected to decline.

Still, the used boom could ultimately benefit the broader EV ecosystem. First-time electric drivers often become repeat buyers. Affordable entry points via the used market may accelerate mainstream adoption, especially as charging infrastructure expands and electricity prices remain favorable compared to volatile gasoline.

Cox Automotive and other forecasters see used EVs as a bridge. With total used-vehicle sales dwarfing new-car volume, even modest market share gains for electrics in the secondary market can move the needle on overall electrification.

Challenges remain for the industry. Dealers must invest in EV-specific training, charging infrastructure and battery certification programs to build buyer confidence. Wholesale auctions are already seeing increased EV volume, pressuring prices downward.

Some automakers are responding by adjusting lease terms, lowering new-vehicle prices or offering incentives to prop up residuals. Others are exploring certified pre-owned programs with extended warranties to differentiate their off-lease inventory.

The situation echoes past automotive disruptions, such as the flood of off-lease vehicles after the 2008 financial crisis or the rapid shift to SUVs. This time, the technology transition adds complexity.

Environmental benefits could be significant. More used EVs on the road means fewer gasoline vehicles and reduced emissions, even if new sales slow. Battery recycling and second-life applications for retired packs offer additional upside.

For now, the immediate pressure falls on balance sheets. Finance executives at automakers are scrambling to model scenarios and mitigate losses through remarketing strategies and earlier residual adjustments on new leases.

Analysts caution that not every manufacturer will feel equal pain. Those with stronger brand loyalty and better residual performance, particularly in premium segments, may fare better. Mass-market players with heavier exposure could face tougher choices.

As the first major wave of lease returns builds through late 2026, the industry watches closely. Will demand absorb the supply without a price collapse? Or will the market require deeper discounts and manufacturer subsidies?

One thing is clear: The used EV market has arrived as a major force. For buyers hunting deals, 2026 and beyond look like a buyer’s paradise. For carmakers, it’s a costly reminder that the road to electrification includes sharp turns and unexpected bumps.

The coming deluge of nearly 800,000 used EVs will test the resilience of the auto industry’s EV strategy. How manufacturers navigate the resale reckoning could shape the pace of electric adoption for years to come.

The firm’s CEO said Drax has been ‘working hard to help keep the lights on for millions of UK households and businesses through a period of acute geopolitical uncertainty’

Power giant Drax has issued an upbeat trading update highlighting how it is “supporting UK energy security at a critical time” during the Middle East conflict. The FTSE 250 firm operates the country’s largest power station in Selby, North Yorkshire, which produces at least 5% of the UK’s electricity, mainly from sustainable biomass.

It said a good performance across the group means its 2026 full year adjusted Ebitda is expected to be in line with estimates of £665m – subject to continued good operational performance. Drax produces over 5% of the UK’s electricity and around 10% of its renewable power, going up to 18% at times of peak demand and on certain days over 50%.

And amid the conflict in the Middle East, it said it is helping to support the UK power system, stating: “The group’s focus on flexible, dispatchable generation and renewables enables it to support a secure, lower cost UK power system, which can continue to decarbonise, by allowing more intermittent renewables to operate and helping to reduce the UK’s exposure to higher gas prices and reliance on imported power.

“The group’s supply chain has a high level of operational redundancy, with limited exposure to underlying commodity prices, sourcing biomass primarily from North America, including from the group’s own facilities in the US South. To help maximise output at times of high demand, the group is continuing to optimise generation across its portfolio to deliver power when it is needed most.”

Meanwhile Drax bosses said its Pellet Production business is performing well, with a continued focus on cost reduction in its US operations, supporting UK energy security via biomass generation at Drax Power Station. It said a strategic review of the Group’s Canadian operations is ongoing.

It added: “Against the backdrop of growing demand for energy security Drax continues to see long-term potential for new and existing markets for bioenergy, which can offer an alternative to fossil fuels, including in the production of sustainable aviation fuels and other industrial processes.”

Drax Group CEO, Will Gardiner, said: “We have started the year well and have delivered a good operational performance across the Group, supporting UK energy security at a critical time for the country. Our assets, colleagues and supply chain partners have been working hard to help keep the lights on for millions of UK households and businesses through a period of acute geopolitical uncertainty.

“We are at a key moment of transition in our business and in the UK’s energy system. With our first battery storage projects and the commissioning of our first OCGT unit progressing, we are growing our UK FlexGen portfolio.

“We are excited about the potential opportunities to invest further to help the country meet its growing energy needs. We believe these opportunities could create value for stakeholders and offer attractive returns for shareholders, in line with our capital allocation policy.”

In February Drax confirmed a major restructuring which will lead to 350 redundancies as part of plans to build “a strong, resilient business for the future”. The firm said it is “focused on driving growth in our flexible generation business”, resulting in the restructure. A consultation process is being carried out with affected staff in Yorkshire and North America.

Breaking the Stigma Around Men’s Health

Men’s wellness has become a prominent topic in lifestyle conversations, yet topics like erectile health still carry stigma that can prevent individuals from seeking help. From stress and lifestyle factors to underlying medical conditions, erectile dysfunction (ED) affects a significant portion of men worldwide. According to BBC, open discussion and education about male sexual health are essential for reducing stigma and encouraging proactive care.

In today’s digital age, accessible and discreet solutions are available that empower men to take control of their health without embarrassment. For those exploring professional support, Hightown Erectile Health Solutions offers a safe and confidential online service to manage erectile health effectively. This modern approach combines medical expertise with the convenience and privacy of online access, making care more approachable than ever.

How Lifestyle Choices Impact Erectile Health

Erectile health is not only influenced by physical factors but also by daily habits and lifestyle choices. Nutrition, exercise, stress management, and sleep play key roles in sexual performance and overall wellness. Forbes highlights that incorporating healthier routines—such as regular cardiovascular exercise and balanced diets—can significantly improve blood flow and hormone balance, which are crucial for erectile function.

Key Lifestyle Tips

• Exercise Regularly: Improves circulation and overall cardiovascular health.
• Balanced Diet: Foods rich in antioxidants, healthy fats, and vitamins support hormone regulation.
• Manage Stress: Mindfulness, meditation, or counseling can reduce anxiety that impacts sexual performance.
• Sleep Well: Adequate rest regulates hormones and energy levels, improving overall sexual health.

Small changes in daily routines can have long-term benefits for erectile function and overall wellness.

The Role of Technology in Modern Men’s Health

Digital platforms have revolutionized the way men access healthcare solutions. Telemedicine, online consultations, and discreet delivery services allow individuals to obtain guidance and medications without the anxiety of in-person visits. According to Forbes, telehealth services for sexual wellness are growing rapidly, reflecting the need for convenience, privacy, and accessibility.

Table: Traditional vs. Online Erectile Health Services

Feature	Traditional Clinic	Online Solutions
Privacy	Limited	High, discreet online access
Convenience	Requires travel and appointments	Order and consult from home
Access to Expertise	May require referrals	Direct access to specialists online
Follow-up Care	Dependent on return visits	Automated reminders and digital support
Stigma	Potentially uncomfortable	Reduced embarrassment with confidential services

This table highlights why online solutions like Hightown Erectile Health Solutions are becoming the preferred choice for modern men seeking effective and convenient care.

Understanding Treatments and Options

Erectile dysfunction can be managed through various medical treatments, including prescription medications, lifestyle adjustments, and therapy. Awareness of options empowers men to make informed decisions tailored to their needs.

Common Approaches

• Prescription Medications: Clinically approved solutions such as PDE5 inhibitors.
• Therapy & Counseling: Psychological support to address anxiety, stress, or relationship concerns.
• Lifestyle Adjustments: Targeted changes to diet, activity level, and sleep.
• Combination Plans: Integrated approaches combining medical, psychological, and lifestyle support.

The availability of discreet online services allows men to explore these treatments in a private, comfortable setting while maintaining access to professional guidance.

Promoting Wellness Through Education

Education is a key component in managing erectile health. Online resources, health guides, and professional consultations help men understand the condition, explore treatment options, and track progress. According to NY Times, men who access reliable digital health information are more likely to engage in proactive care and experience better outcomes.

• Digital Health Guides: Offer comprehensive explanations of conditions and treatments.
• Symptom Trackers: Help monitor progress and effectiveness of interventions.
• Virtual Consultations: Provide confidential discussions with healthcare professionals.

These tools, when combined with solutions like Hightown Erectile Health Solutions, create a modern, tech-forward approach to sexual wellness that fits seamlessly into a contemporary lifestyle.

Integrating Wellness Into Everyday Life

Maintaining erectile health is about more than treatments—it’s part of an overall approach to wellness. Men can integrate healthcare solutions into daily routines by:

• Scheduling regular check-ups and virtual consultations.
• Tracking health metrics using apps and digital tools.
• Incorporating lifestyle adjustments to support physical and mental wellbeing.
• Utilizing discreet online platforms to manage medications and treatments effectively.

Modern solutions for erectile health demonstrate how lifestyle, technology, and professional care intersect to support men’s wellness. Platforms like Hightown Erectile Health Solutions exemplify this trend, providing a stylish, accessible, and private approach to sexual health that aligns perfectly with the needs of today’s men.

Train operator Lumo has five trains on order for the route with Hitachi while Transport for Wales is seeking to run trains to Bristol

A new west Wales to London train service is on track to launch next year, while Transport for Wales (TfW) is looking to run trains to Bristol.

Lumo, the open access train operator of transport giant FirstGroup, will operate a daily service from Carmarthen to London Paddington. It plans to launch in December 2027.

Grand Union Trains first secured approval for the route from regulator the Office of Road and Rail (ORR) in 2022, after an initial application had been rejected. It had faced opposition from GWR, which operate its own South Wales to London Paddington services.

Grand Union in turn sold its rights to the route to FirstGroup in 2024. The value of the deal was not disclosed .

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The route will provide five return services a day, calling at Carmarthen, Llanelli, Gowerton, Cardiff, Newport, Severn Tunnel Junction, Bristol Parkway, and London Paddington.

The service will be in direct competition with GWR, as well as services between the Welsh stations provided by Transport for Wales.

A Lumo spokesperson said: “Our new service linking South Wales with London Paddington is set to launch from December 2027.

“The service will introduce five brand new Hitachi trains and will bring affordable open access travel to even more communities, operating a single-class of standard seating, offering all of our customers the best seats.

“The new operation will provide five return services a day, calling at Carmarthen, Llanelli, Gowerton, Cardiff, Newport, Severn Tunnel Junction, Bristol Parkway, and London Paddington. We’re also currently preparing to launch a new service linking Stirling with London Euston this Spring, with tickets now on sale.”

Lumo would not comment on the projected number of passengers per annum in its first few years of operation.

TfW Bristol services

TfW is seeking to run trains from South Wales to Bristol Temple Meads. Its application, which is not an open access bid, is currently being reviewed by the ORR.

TfW is seeking to run two services an hour between Cardiff Central Station and Bristol Temple Meads, stopping at Newport, Severn Tunnel Junction, Filton Abbey Wood and Stepleton Road, with one train running via Bristol Parkway Monday to Saturday.

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West of Cardiff, TfW said post services would originate from or extend to Fishguard or Milford Haven. While calling patterns will vary, stations such as Bridgend, Port Talbot Parkway, Neath, Swansea and Carmarthen could be used.

TfW said its planned services would fit in-between existing GWR services from South Wales to Bristol Temple Meads.

A spokesman for TfW said: “We have submitted an application to the Office of Rail and Road for a new service between West Wales and Bristol, to begin in September 2026.

“As part of this process we will engage with a range of stakeholders, including Network Rail and other train operating companies, to discuss any implications of the new service on performance and route capacity.”

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Subject to approval TfW plans to launch the route September.. The ORR said it couldn’t give any timeframe as to when a decision will be made. TfW operates a number of cross-border services on its Wales & Borders network, including one from South Wales to Manchester.

A spokesman for GWR said of TfW’s Bristol plan “We welcome any enhancements to provide addition levels of service for customers along a key route, but this does need to be done so as not to be detrimental to existing services or already agreed future services which will serve South Wales.

“We will continue to work with our industry partners to ensure railway services are developed in the best possible way for passengers and taxpayer.”