Hindustan Unilever’s (HUL; CMP: 2,391; Market capitalisation: Rs 5,61,721crore) December 2020 quarter results were marginally ahead of Street expectations. The health, hygiene and nutrition category, which forms 80 per cent of the company’s portfolio, continued to grow in double digits. The momentum is likely to continue. The discretionary and the out-of-home segments have witnessed a sequential improvement. Quarter at a glance Revenues grew by 20 per cent year on year (YoY) with domestic consumer growth (excluding the impact of the merger...
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