FMCG companies reported muted performance in Q3FY24 due to sluggish rural demand and increased competitive intensity, affecting overall volume growth. Amid this environment, let s analyse between ITC and Hindustan Unilever (HUL), which stock has better long-term investment opportunities.
HUL Q3 results: Profit and revenue growth are likely to be nil while revenue could fall on yearly basis, analysts said in view of weak demand trends, with no material pick-up in the festive demand.