NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Hindustan Unilever Ltd.'s performance in Q4 FY24 was in line with our estimates. Net revenue was up 1% YoY with 2% volume growth. Home care maintained mid-single-digit volume growth. Beauty and personal care (and food and refreshment posted flat volume growth YoY. Demand drivers were steady in H2 FY24. Premium portfolio growth across categories was healthy, while the mass portfolio remained weak.
Home care growth and margin (up 130 bp QoQ) beat expectations. BPC was a miss, largely due to a volume contraction in the soap portfolio (mass segment).
The company has addressed the issue by fixing the pricing gap. Horlicks and Boost portfolio saw high single-digit growth, driven by volume and price, along with share gains.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
MPS Q4 Results Review - Revenue Inline; Miss On Profitability; Expect 25%+ PAT Growth In FY25: Dolat Capital
May 23, 2024
Apollo Pipes Q4 Review - Expect Healthy Topline Growth But Ebitda/kg To Be Capped, Assign Add: Yes Securities
May 22, 2024
Home First Finance Q4 Results Review - Growth Outlook Strong; Spreads Under Pressure In H1: Nirmal Bang
May 10, 2024
HUL Q4 Results Review - Growth Remains Subdued: Systematix
Apr 25, 2024
POPULAR