INSUBCONTINENT EXCLUSIVE:
NEW DELHI: FMCG major Hindustan Unilever is poised to report its financial results on Monday for the quarter ended June 2018 on Monday
There are expectations that consumer-oriented companies are likely to see double-digit volume growth aided by a recovery in rural areas and
a soft base.
An assessment by Kotak Institutional Equities showed that the company may report 27.80 per cent year-on-year (YoY) rise in net
profit at Rs 1,639.70 crore in Q1FY19, while net sales may increase by 14.70 per cent on year-on-year basis.
The brokerage house sees 25.80
per cent YoY and 26.90 per cent YoY jump in EBITDA and EPS, respectively, for the quarter ended June 2018
Edelweiss Securities projected 13.80 per cent YoY and 11.50 per cent YoY growth in net profit and revenue, respectively
EBITDA may jump 16.20 per cent YoY.
"We expect HUL, Dabur, Britannia, Marico, Asian Paints, Berger Paints, Pidilite, Emami (on a very soft
base), and Nestle to report double-digit volume growth," Edelweiss Securities said.
The brokerage house expects HUL to report a volume
growth of around 11-12 per cent YoY on a flat base
The growth is likely to be stronger on the back of improving sentiment and preference towards HUL products such as Lever Ayush as well as
decent performance of new launches
HUL may also report higher ad spends too to back their new launches.
