External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Hindustan Unilever’s (HUL) 3QFY25 results were below our estimates, as performance was subdued across segments except home care</li><li>It managed to show flat EBITDA, as it drastically cut down brand-building spends (down 8% YoY)</li><li>The home care segment was an outlier and saw the second consecutive quarter of high single-digit volume growth, owing to management's focus on premiumization</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Hindustan Unilever’s (HUL) 3QFY25 results were below our estimates, as performance was subdued across segments except home careIt managed to show flat EBITDA, as it drastically cut down brand-building spends (down 8% YoY)The home care segment was an outlier and saw the second consecutive quarter of high single-digit volume growth, owing to management's focus on premiumizationContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hindustan Unilever - Growth Likely to Be More Back-Ended