INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Hindustan Unilever sank half a per cent lower on Monday ahead of its March quarter results later in the day.
The stock was 0.54
per cent lower at Rs 1,498.20 early today.
Brokerage Motilal Oswal Securities expects the FMCG major to report an adjusted profit after tax
(PAT) of Rs 1,300 crore, up 16.6 per cent yoy
Revenues for the quarter are seen growing at 9.4 per cent, with underlying domestic volume growth of 7 per cent.
Prices of raw material Palm
Fatty Acid Distillate (PFAD) are down 15 per cent annually and those of linear alkyl benzene (LAB) are up 6.7 per cent, it noted
The brokerage expects gross margin to expand 160 basis points (bps) to 52.6 per cent and operating margin rising 110 bps to 21.2 per cent,
led by Ebitda growth of 15.6 per cent.
Brokerage Prabhudas Lilladher is expecting the FMCG firm to report a 6 per cent volume growth on
gradual improvement in demand.
Cost-cutting and efficiency gains will enable margin expansions, it noted
This brokerage expects Q4 profit at Rs 1,331 crore and sales at Rs 8,870 crore.
