HUL shares in focus after Q3 earnings. Here's what analysts recommend
Hindustan Unilever Ltd. (HUL) shares are set to remain in the spotlight on Thursday, January 23, following the company's Q3 results. HUL reported a 19% year-on-year (YoY) rise in net profit to Rs 3,001 crore, surpassing Street estimates. This growth was primarily driven by a one-time gain of Rs 509 crore from the divestment of its Pureit business, while profit before exceptional items (PAT bei) remained flat.
Sales grew by 2% YoY to Rs 15,195 crore during the quarter. However, underlying volume growth (UVG) remained flat, with competitive absolute volume growth offset by a negative product mix.
HUL management flagged poor FMCG demand trends with continued moderation in urban growth while rural sustained its gradual recovery.
“In this operating context, we delivered competitive growth by driving unmissable brand superiority, investing behind brands and capabilities whilst maintaining healthy margins," said Rohit Jawa, CEO and MD, HUL.
Operating profit for the third quarter rose by a marginal 1% YoY to Rs 3,570 crore, while margins declined 20 bps to 23.5%.
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