Moneycontrol
Last Updated : Jan 18, 2018 11:06 AM IST | Source: CNBC-TV18

Expect 5% volume growth from HUL in FY18: Edelweiss

Hindustan Unilever Ltd (HUL) that delivered an all-round beat on the earnings front in the third quarter. Volume growth comes in at a robust 11 percent crossing double-digits for the first time in 6 years. In an interview with CNBC-TV18, Abneesh Roy, Senior Vice President of Edelweiss Securities shared his views and readings on the same.

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Hindustan Unilever Ltd (HUL) that delivered an all-round beat on the earnings front in the third quarter. Volume growth comes in at a robust 11 percent crossing double-digits for the first time in 6 years. In an interview with CNBC-TV18, Abneesh Roy, Senior Vice President of Edelweiss Securities shared his views and readings on the same.

Company’s proactive measures on the rural side and some market share gains also are working, he said.

The stock is not cheap, in fact in the last one year, in terms of the heavyweight it has been one of the stellar gainers, he added.

Rerating from this level for the stock looks difficult but it can be a 16-17 percent compounded annual growth rate (CAGR) in terms of earnings from hereon, said Roy.

This year for the full year, we expect around 5 percent volume growth and going ahead we do expect around 6-7 percent CAGR in volume terms in next two years, he further mentioned.

For full interview, watch accompanying video...
First Published on Jan 18, 2018 11:06 am
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