HUL - Detergent Drags Q3 Volumes; Foods Grow Strongly: ICICI Direct 

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.

ICICI Direct Report

Hindustan Unilever Ltd. reported moderate 4% volume growth in Q3 FY21 unlike strong growth for other fast moving consumer goods companies mainly due to dismal sales in detergent category.

The category (contributes ~30% to the company’s sales) has seen muted sales growth post pandemic as schools and offices are not fully functioning.

Further, price hikes in respect to cost inflation in palm oil and tea have been only calibrated and partial.

The company has taken two subsequent price hikes of 2.5% in December 2020 and January 2021.

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 author entity 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.