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HUL Q3 Results Review: Systematix Maintains 'Hold' On The Stock, Lowers Target Price — Here's Why
The brokerage expects a gradual pickup in volume growth over FY26-FY27E as HUL rejigs its portfolio to expand into high growth categories, adds Systematix.
23 Jan 2025, 10:17 AM IST 
Hindustan Unilever delivered Q3 FY25 results broadly in-line with our expectations.(Photo: NDTV Profit)
HUL's topline growth of 1.5% YoY was driven by price hikes (4-5% in soaps and tea) but held back by - flat volume growth and negative product mix, due to higher sales of small packs and higher growth in the lower-margin Home Care division.
