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HUL Q2FY21 Review: In lines with estimates
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Sanjiv Mehta said that he believes Worst is behind us and are cautiously optimistic on demand recovery. The revenue increased by 16.1% YoY to Rs 11442 cr in line with the ET Now estimates.
The Profit as well were in line with the ET Now Poll and grew by 9%. Profit came in at Rs 2009 crore versus Rs 1848 crore growth in Q2FY20 The Health, Hygiene and Nutrition which is 80% of the Portfolio grew 10% YoY. Discretionary category (20% of portfolio) which saw 45% dip in Q1 is now down 25% YoY. Good recovery QoQ in essentials part of skin Care and hair care grew in double digits. Domestic volume growth 1% YoY.
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The Profit as well were in line with the ET Now Poll and grew by 9%. Profit came in at Rs 2009 crore versus Rs 1848 crore growth in Q2FY20 The Health, Hygiene and Nutrition which is 80% of the Portfolio grew 10% YoY. Discretionary category (20% of portfolio) which saw 45% dip in Q1 is now down 25% YoY. Good recovery QoQ in essentials part of skin Care and hair care grew in double digits. Domestic volume growth 1% YoY.
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To Stay Updated Download the Times Now App :-
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