HUL Q1 margin seen steady around 17%; volume rise seen 6%

Sanjay Manyal of ICICIDirect.com expects HUL to report a volume growth of 6 percent, driven by its personal products and foods businesses, and a revenue growth of 9 percent for the June quarter.In an interview to CNBC-TV18, he says HUL’s margins are likely to be steady around 17 percent as the company has passed on the benefits from lower raw material prices to its consumers.Manyal expects Asian Paints to report a volume growth of 10 percent and a revenue growth of 9 percent. He expects realizations to be on the lower side as the company had cut prices in the last couple of months.