Hindustan Unilever’s investors are factoring in a much brighter outlook
Live MintNobody expected Hindustan Unilever Ltd ’s June-quarter results to be earth-shattering amid the covid-19-led demand disruptions. “HUL’s Q1FY2021 performance was better than our, as well as Street expectations, with a volume decline of 8% as against our as well Street expectations of 11-13% volume decline,” Kaustubh Pawaskar, associate vice-president, research, consumer goods and discretionary, Sharekhan, said in a note. Excluding the GSK impact, HUL said, its segments: home care, beauty and personal care, and food and refreshment reported a sales decline of 2, 12% and 4%, respectively. Even so, an analyst, requesting anonymity, said: “Ebitda margin performance is slightly disappointing given that advertising and promotion expenses declined by 31%.” Employee costs rose steeply and, to that extent, weighed on the Ebitda margin. However, localized lockdowns would continue to impact supply in Q2FY21 as well,” said analysts from ICICI Direct Research in a note.
History of this topic
Hindustan Unilever shares fall over 2% after Q1 results disappoint
Live Mint
Hindustan Unilever's third quarter net profit rises to ₹2,481 crore: Report
Hindustan Times)
Hindustan Unilever shares drop over 5% after company reports 4% decline in net profit in Q4
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