HUL Shares Trade Flat Ahead Of Its Result Today

Shares of the FMCG company HUL in trade today i.e. July 19, 2022 are trading on a subdued note. This is ahead of the company's Q1 earnings due to be released today. At around the time of writing this copy at around 9:40 am, the company's scrip traded at Rs. 2546, down by a tad. The stock's 52-week low and high on the NSE are Rs. 1901.55 and Rs. 2859.3 per share, respectively.

Hindustan Unilever (HUL) is estimated to witness 14.2% revenue growth led by 10% price hike & 4% volume growth. The positive volume growth is mainly on account of lower sales in base quarter due to second wave of pandemic.

Leading brokerage ICICI Direct expects home care & beauty & personal care (BPC) segment to witness 20.2% & 5.3% sales growth,respectively. Foods & refreshments sales are estimated to grow 12.6%. The brokerage further expects 141 bps contraction in gross margins given major raw materials like palm oil & crude derivatives were elevated for most of the quarter. With a reduction in overhead spends, operating margins are likely to contract only by 28 bps. Net profit is estimated to grow 9.5% to Rs. 2256.7 crore.

Hindustan Unilever is a large cap company engaged in fast-moving consumer goods business. The Company's segments are Soaps and Detergents, Personal Products, Beverages, Packaged Foods, chemicals, water business and infant care products