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HUL Q4 Results Review: Performance Expected To Recover Gradually, Says Dolat Capital, Maintaining 'Accumulate'

Despite near-term inflationary concerns, Dolat Capital remains confident about HUL's long-term premiumization strategy.

<div class="paragraphs"><p>HUL's net sales grew by 2.4% YoY at Rs 152.1 billion, with 2% underlying volume growth. (Photo: HUL website)</p></div>
HUL's net sales grew by 2.4% YoY at Rs 152.1 billion, with 2% underlying volume growth. (Photo: HUL website)
In Q4, HUL’s majority portfolio gained market share. Home care reported mid-single-digit volume growth, led by mid-single-digit growth in fabric wash and high-single-digit growth in household care. Further, beauty and wellbeing reported low-single-digit volume growth, led by strong growth in hair care segment. However, personal care and F&R reported low-singledigit and mid-single-digit volume de-growth respectively.
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