HUL - Demand For Essentials Unscathed, But Discretionaries Impacted: Motilal Oswal
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Motilal Oswal Report
We interacted with the management of Hindustan Unilever Ltd. for an update on overall market conditions. Here are the key takeaways:
With various parts of India progressively opening up, the management believes the impact from the second Covid-19 wave would have peaked in May 2021 and things will progressively get better.
The outlook from June 2021 onwards is positive, barring the emergence of a third Covid wave.
The increase in store operating hours is also a positive development.
Rural continues to do better than urban, despite experiencing a higher impact from the pandemic in Q1 FY22 versus last year.
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