Hindustan Unilever Ltd. reported flat revenue growth (2% volume growth) to Rs 14,693 crore, which was in line with our/cons estimates. This was on account of a subdued demand environment. Furthermore, price cuts in the home care and skin care segments impacted the overall revenue growth. Premium portfolio (~25% of the portfolio) continues to remain strong and urban business continues to grow faster than rural. The management reiterated that it has gained market share in over 60% of the…
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HUL Q4 Results Review – Demand Recovery Will Be Gradual; Maintain Buy: Axis Securities
