Hindustan Unilever Ltd - GST Transition Led to Short-Term Impact; Maintain HOLD
Growth during the quarter was primarily price-led, supported by residual pricing benefits in categories such as skin cleansing, beverages, and...
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Meesho Ltd IPO - Value-Led Play, Moderately Priced
Meesho Ltd (ML) is looking to raise around US$607m in its upcoming India IPO. In this note, we talk about the company’s implied valuations in the...
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Hindustan Unilever Ltd: Focus Shifts to Volume Growth
Subdued demand: HUL’s sales grew 2.1% in Q4FY25, with volume growth (2% YoY), as rural demand remained resilient while urban consumption stayed...
496 Views
Hindustan Unilever - Near Term Outlook Tepid, Valuations Supportive
We cut FY25/FY26/FY27EPS by 1.9/2.6/2.8% factoring in 1) uncertainty in growth as recovery may be delayed given pressure in urban demand while...
501 Views
Hindustan Unilever - Muted Print; Recovery Delays Further
Hindustan Unilever’s (HUVR) 3QFY25 revenue was up 2% at INR155.9b (in line), with flat underlying volume growth (est. 1%, 3% in 2QFY25).
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