Gradual volume recovery, valuations to support Hindustan Unilever's stock

Hindustan Unilever's (HUL's) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations.

Net revenue was up 1 per cent year-on-year (Y-o-Y) with 2 per cent volume growth.

Home care maintained single-digit volume growth Y-o-Y.

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