The highlights of Hindustan Unilever (HUL) Q410 performance are as under - (1) 8.0% YoY growth in revenues to Rs43.8 bn – above our estimates (2) no growth in operating profit to Rs6.0 bn – in line with estimates and (3) adjusted net profit decline by 23.2% YoY Rs3.9 bn – below estimates. The 11% growth in volumes in Q410 was surprise to EMKAY and consensus estimates. Business segments like - Personal Products, Beverages and Processed Foods registered robust volume and value growth during the quarter...

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http://www.dsij.in/productattachment...dation/HUL.pdf

Source: Dalal Street Investment Journal
Dalal Street Investment Journal