Flash News Investment - - RECOMMENDATIONS -

Hin­dus­tan Unilever Ltd (HUL), a 52 per cent sub­sidiary of Unilever, UK, pro­vides prod­ucts rang­ing from per­sonal prod­ucts, home care, bev­er­ages and pack­aged foods. De­spite chan­nel de-stock­ing pres­sures, the com­pany's per­for­mance in Q1FY18 was bet­ter than ex­pected. Its net rev­enue grew 5 per cent YoY with growth in EBITDA and PAT at 14 per cent and 15 per cent, re­spec­tively. PostGST im­ple­men­ta­tion, re­stock­ing is ex­pected by the com­pany in H2FY18. The pre­mium seg­ment is likely to show healthy growth af­ter sta­bil­i­sa­tion of raw ma­te­rial prices. Re­cently, the com­pany has launched Ayurvedic per­sonal care range un­der brand Ayush to foray into South In­dian re­gions. Its nat­u­ral prod­ucts seg­ment would also boost post ac­qui­si­tion of In­d­ulekha. Thus, we rec­om­mend our read­ers to BUY the scrip.

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