HUL: HUL’s better-than-expected Q1 show to support stock in volatile market

The HUL stock is up over 13% in the past six months but is up 6% in the past one year. The resilient quarterly performance will provide positive reinforcement to the company’s investors in a volatile market.

Synopsis

Net sales increased 19.5%, net profit 11% and volumes grew 6%. While the home care segment posted 30%+ growth in topline and bottomline and maintained its margin, the other segments of personal care and food & refreshments suffered on the margin front.

FMCG market leader HUL’s June quarter performance demonstrates that FMCG companies tend to perform well during inflationary periods. The consumer goods major posted a better-than-expected June quarter performance amidst input cost inflation, subdued consumer demand and a Covid-impacted base quarter.

HUL was expected to post double-digit growth in revenues and net profit and low single-digit growth in volumes. However, the actual numbers were

BY

ET Bureau

Jul 20, 2022, 08:58 AM IST

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