Lochab expects HUL's topline to grow 4.5 percent year-on-year in the December quarter, and operating profits by 7 percent.
Varun Lochab of Religare Capital Markets believes United Spirits (UNSP) does not have any direct exposure to the airlines and maintains a buy rating on the stock.
Varun Lochab, Managing Director and Co-Head of Research, Religare Capital Markets said it is very difficult to speculate the royalty amount at the moment as it is the function of a particular entity and just because it has happened in Indonesia, it is not likely to happen in India as well.
In an interview to CNBC-TV18, Varun Lochab, director, Institutional Equities at Religare gives his predictions for the FMCG sector. "We are still fairly bullish on the growth prospects for these companies and we do not anticipate any major earning shocks out there," he says.
Varun Lochab of Religare Capital Markets explains to CNBC-TV18 that the sale of USL stake to Diageo would have a 10-15 percent positive impact on USL's EPS.