HUL’s Discretionary Demand Recovers On Positive Metro Sales: 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 -
The overall fast moving consumer goods sector is seeing steady revival.
Urban growth, led by smaller urban centers, has been positive in recent months. Since January 2021, metro and modern trade sales have been positive.
The good winter season demand seen in November and December continued into January and February.
Given 9% decline in overall sales in Q4 FY20, all of the categories are likely to report strong growth, especially with the addition of GlaxoSmithKline Consumer Healthcare Ltd.
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