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:
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.