HUL Q3 show resilient, but few triggers for major stock upside


Winter has been beneficial for the personal product portfolio. Sales of colour cosmetics, too, have picked up in the third quarter, while the oral care portfolio posted double-digit growth.

Synopsis

As India unlocked itself steadily during the December quarter, the discretionary and out-of-home consumption picked up, leading to sequential improvement in the overall revenues.

ET Intelligence Group: Hindustan Unilever’s (HUL) December quarter results did not have any major surprises for its investors.Revenues grew over 20 per cent in line with expectations with the domestic consumer business growth (excluding the acquired GSK business) at 7 per cent. Volume growth stood at 4 per cent — better than the 1 per cent growth in the preceding September quarter. The 19 per cent increase in net profit was lower than expected,

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