Hindustan Unilever price went up a little on 21st October when company came out with the earnings of September quarter. The estimated profit is almost 8.7 per cent compared to last year.
Viewpoint of brokerages:
Exploration house has kept up purchase call with an objective at Rs 2,650. The organization figured out how to beat estimates on income, while saw a successive get across classes.
GM pressure was obvious because of the blend and information value expansion. The key concern is a moderate exchange offtake on winter portfolio pre-season.
The organization has detailed in-line Q2 financials with 16% topline development and offer increases a key close term need.
The organization is organizing volume over edge in the close to term and look at this as an adept procedure to extend infiltration across classifications. It ought to have the option to upgrade customers and recover any edge misfortunes.
With a strong recovery in rural demand, management was cautiously optimistic on improvement in the overall demand environment in the coming quarters.
Though higher input prices would put margins under pressure in the near term, the management has maintained outlook of sustenance of modest margin expansion in the coming years.
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