Q2 Results LIVE Updates: Hindustan Unilever will likely report mild top-line growth in the second quarter as inflation woes curbed volume expansion. Meanwhile, Nestle India is projected to see solid bottom-line growth on strong pricing.
On the back of these cuts, HUL management also sees price growth to be marginally in negative territory if commodity prices remain where they are. The company s focus remains on driving competitive volume growth .
HUL Q2: The company s sales rose 4% year-on-year (YoY) to Rs 15,027 crore in the reporting period. The profit beat the ET Now estimate of Rs 2,590 crore, while revenue was slightly below expectations.
The company s sales rose 4% year-on-year (YoY) to Rs 15,027 crore in the reporting period. The profit beat the ET Now estimate of Rs 2,590 crore, while revenue was slightly below expectations.
Rural demand in FMCG market remained subdued in the July-to-September quarter. Volumes in rural declined 1 percent on a two-year CAGR basis, while urban volumes increased 3 percent on a two year basis