HUL Q1 Results Review - Seeing Gradual Recovery; Maintain Buy: Axis Securities

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. .Axis Securities Report.Financial Performance: Hindustan Unilever Ltd. registered 4% volume growth in Q1 FY25 on account of gradual recovery witnessed in rural demand. However, its revenue grew by 1.6% to Rs 15,166 which partly offset due to the price cuts. The company’s gross margins improved 171 basis points YoY to 50.9% while Ebitda margin improved by 26 bps YoY to 23.5% owing to higher ad spends, adjusted profit after tax stood at Rs 2,572 crore, grew by 3% YoY. .Management expects demand to improve in coming quarters while Ebitda margins are expected to remain at current levels. In the longer term, however, HUL growth prospects remain good as management focuses on the following:Promoting a diversified portfolio and spreading the price-value matrix to drive premiumization;Continued focus on efficiency improvement – nano factories, automation and scaling Shikar to 1.3 million outlets to drive overall cost saving initiatives;Market development initiatives to gain market share across the portfolio; andStrong execution capabilities (demonstrating the strength of the company with its diverse product portfolio and financial strength in this volatile and challenging environment).Click on the attachment to read the full report:.Ramkrishna Forgings Q1 Results: Revenue Up 12%, Meets Estimates.DISCLAIMERThis 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.

HUL Q1 Results Review - Seeing Gradual Recovery; Maintain Buy: Axis Securities

The brokerage maintains a Buy rating on the stock as it continues to remain positive on the company’s long-term prospects.

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