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Axis Securities Report
Hindustan Unilever Ltd. performance was in-line with our and street expectations on key performance metrics.
Reported sales grew by 11% at Rs. 12,724 crore with underlying domestic consumer sales growth of 11% on the back of a 4% UVG (our estimate 5%). Health, Hygiene and Nutrition portfolio contributing 85% of revenues reported healthy 7% year-on-year growth while Out of Home consumption 3% of revenue and Discretionary categories 12% of revenue categories saw a strong recovery on the back of improved mobility and expanding vaccination coverage.
Beauty and Personal Care revenues grew 10% year-on-year driven by skincare, color cosmetics and hair care segment.
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