HUL Q2 Review - Raw Material Tailwinds Ahead: Dolat Capital

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Hindustan Unilever Ltd.’s revenues were in line in Q2 FY22 as the core business registered 11% sales growth with 4% underlying volume growth.Despite very high base, food and refreshment division reported 7.2% revenue growth and 180 basis points expansion in Ebit margin – was a positive surprise. Nutrition portfolio witnessed 85% completion in go-to-market integration versus 50% in Q1.Increase in raw material prices and delayed/restrictive price pass on resulted in 140 bps contraction in gross margin. However, better operating efficiency restricted fall in operating profit margin to 50 bps. Raw material prices are already at peak and few commodities are witnessing correction from peak levels. HUL is likely to benefit once the commodity price trend reverses as benefit pass on would be limited..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HUL Q2 Review - Raw Material Tailwinds Ahead: Dolat Capital

HUL Q2 Review - Raw Material Tailwinds Ahead: Dolat Capital

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