What are key takeaways from HUL's Q1FY2020 performance?

  • 1 Answers
  • Sharekhan, retail brokerage firm
    answered 9 months ago in Research report
  • Key positives
    • Domestic volume growth stood at 5%, in-line with ours as well as street’s expectation of 5-6% volume growth.
    • Home care category (~35% of revenue) continued to deliver strong performance, with 10% growth and PBIT margin improving by 129 BPS to 20.2%.


  • What is current consumption situation
  • Soumya Kanti Ghosh, Group Chief Economic Adviser SBI
    answered 7 months ago in CNBC interview
  • There are a lot of issues regarding the volume growth(in FMCG sector). Yes, there has been some sort of slowdown but I would like to point out 3 things; first is that the FMCG data doesn’t capture the unorganised sector sales, so from that point of view there could bias. Second, the volume growth of 5-6 percent could be a statistical artifact and third is that the consumers are now moving towards healthier options. Therefore, argument of small pack of losing momentum seems to coexist with such an argument