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.
Motilal Oswal Report
Hindustan Unilever Ltd. reported a good set of numbers on all fronts in Q4 FY21, led by a recovery in its discretionary portfolio and detergents.
Two-year average like-to-like sales growth has now improved to 5.8% in Q4 FY21 from minor decline in Q1 FY21.
Ongoing lockdowns would result in a temporary impact on high-margin discretionary product sales, leading to a 4.3% earnings per share reduction in FY22E; we have retained our FY23E forecasts.
We continue to monitor the situation as it unfurls.
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