Quote on Hindustan Unilever -2QFY22 -Result Update by Mr. Amarjeet Maurya, Angel One Ltd
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Below is quote on Hindustan Unilever -2QFY22 -Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
For 2QFY22, Hindustan Unilever (HUL)’s Consolidated top-line grew by ~11.7% to Rs13,046cr on the back of healthy growth across the segment. Home Care grew 15% driven by high double-digit growth in Fabric Wash. Beauty & Personal Care grew 10% led by Skin Care, Colour Cosmetics and Hair Care. Foods & Refreshment grew at 7% against a strong prior year comparator. On the operating front, the company reported margin contraction (down by 70bp YoY to 25.1%), primarily on account of higher raw material costs and other expenses. The reported net profit grew by ~10.7% YoY to Rs2,185cr due to healthy sales growth. Overall result was in-line with our expectation. Going ahead, we expect healthy profitability on the back of a strong brand, wide distribution networks and new products launches. Hence we are positive on stock.
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