HUL Q4 Review - Beat On All Fronts; Medium-Term Outlook Promising: Motilal Oswal
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.
Click on the attachment to read the full report:
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.