Net sales of Hindustan Unilever (HUL) grew by 3.6% to Rs81.3bn in the quarter ended June 30, 2016, while volume increased by 4% similar to the immediate previous quarter. EBITDA rose 8.2% to Rs16.4bn, while reported net profit grew 9.8% to Rs11.7bn and profit before exceptional items saw a rise of 6.1% in the quarter. As per the Management, while the demand environment continues to remain challenging, market growth decelerated further in both volume and value terms. Based on expected EPS of Rs24.1, the stock is trading at price earnings multiple of 38.3x FY18E earnings....