BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Hindustan Unilever Ltd. posted a mixed result, with a marginal beat in revenue (3% versus 1% our estimate), but a slight miss in margins.
Underlying volume growth was at up 1% (our estimate down 2%). Home Care remained weak at 2% YoY decline as demand for fabric wash was sluggish (also impacted by price cuts).
Beauty and personal care recovered well but was flat after a sharp 12% YoY decline in Q1 FY21.
Food and refreshment clocked strong growth of 19% (ex-GlaxoSmithKline Consumer Healthcare Ltd.), aided by in-home consumption.
The company clocked double-digit growth in 80% of its portfolio, which indicates a strong recovery.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.