Trade

Watchlist

Portfolio

Message

Set Alert

BSE LIVE NSE LIVE 26 Aug, 2025 12:21 Volume Todays L/H More ×

Anand Rathi's research report on Hindustan Unilever

Broadly as estimated amid the GST rate-cut transition and a prolonged monsoon, HUL’s Q2FY26 performance was weak. Revenue inched up ~1% y/y to Rs155bn (vs. the Street’s Rs158bn estimate) with flat volumes and a 22.9% EBITDA margin (vs. 22.2%). The new CEO Priya Nair iterated the focus on volume-led growth through sharper consumer segmentation, premiumisation, brand modernisation and acceleration in digital and quick comm. 40% of the company’s portfolio now falls under the 5% GST rate and, despite near-term trade disruptions, management was optimistic of a stronger H2 FY26, driven by festival demand, GST no

See Full Page