Hindustan Unilever Ltd.

NSE: HINDUNILVR | BSE: 500696 | ISIN: INE030A01027 |Industry: Personal Products
|Expensive Performer
2176.70 9.95 (0.46%)
NSE Oct 27, 2020 15:31 PM
Volume: 2.3M

Hindustan Unilever Ltd.    
16 Sep 2020
Motilal Oswal
16 September 2020 Detergents, Tea, Oral Care, etc. Of the remaining 20% portfolio, 15% declined by 45% while the rest 5% declined by 69% during the quarter. Skin Care the largest segment of the remaining 20% portfolio performed poorly in 1QFY21, but has started to recover consistently since June (although it is yet to turn positive YoY). With the Ice-Cream business being a washout in 1QFY21, it contributed significantly to business decline in the quarter. However, the Ice-Cream business is much less salient in the base quarter of 2QFY21 (2QFY20) v/s 1QFY21. Therefore, 2QFY21 is not expected to be as drastically impacted by the Ice-Cream business as 1QFY21. The GSK business was affected by temporary plant shutdowns due to COVID- led disruption and some labor issues. The temporary shutdown at HUVRs Haridwar plant due to COVID issues did not affect operations owing to adequate inventory buffers.
Hindustan Unilever L.. has an average target of 2419.75 from 15 brokers.
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