HUL Sees Revival In Discretionary Categories In Q3: Dolat Capital 
Kissan brand jams, made by Hindustan Unilever (Photographer: Prashanth Vishwanathan/Bloomberg News)

HUL Sees Revival In Discretionary Categories In Q3: Dolat Capital 

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.

Dolat Capital Report

Hindustan Unilever Ltd.’s revenues came ahead of our estimate but adjusted profit after tax was in line. Core business registered 7% sales growth - was a marginal beat.

Beauty and personal care business reported 9.7% growth after four consecutive quarters of decline, was a positive surprise.

Most discretionary categories witnessed revamp during the quarter. However, an increase in raw material and brand investment in key categories resulted in Ebitda margin contraction.

We believe that brand investment would help the company in the long run.

Click on the attachment to read the full report:

Dolat Captial Hindustan Unilever Q3FY21 Result Update.pdf


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