Quote on Hindustan Unilever Ltd -1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Hindustan Unilever -1QFY22 Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd
For 1QFY2022, HUL’s top-line reported growth of ~14% yoy to Rs1,2194cr on the back of healthy volume growth ( up ~9% yoy) and improvement in realisation. On segment wise, Home Care revenue grew by ~12% yoy, Beauty & Personal Care revenue grew by ~13% yoy, Foods & Refreshme revenue grew by ~12% yoy and Others revenue grew by ~46% yoy. During the quarter, the company has reported healthy growth across the product portfolio. On the EBITDA front, the company has reported Rs2,921cr and EBITDA margin at 24.0% (down by 116bps yoy due to input cost inflation). On the bottom-line front, PAT grew by ~11% to Rs 2,100cr. Overall 1Q results were in line with expectation.Considering the HUL’s healthy performance, strong brand and wide distribution, we are positive on stock.
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