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Centrum Broking: HUL Q2 Review - Strong Fundamentals, Foods Growth Accelerates

Hindustan Unilever’s gross margin shrank 145 basis points in the September quarter due to costlier tea and palm oil derivatives.

Boxes of Brooke Bond Taj Mahal and Red Label teas, both manufactured by Hindustan Unilever Ltd., are displayed for sale at a general store in Mumbai. ( Photographer: Vivek Prakash/Bloomberg)
Boxes of Brooke Bond Taj Mahal and Red Label teas, both manufactured by Hindustan Unilever Ltd., are displayed for sale at a general store in Mumbai. ( Photographer: Vivek Prakash/Bloomberg)
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