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HINDUNILVR Consumer 20 Oct 2023

Hindunilvr Ltd — Q2 FY24

HUL crossed INR 15,000 crore quarterly turnover for the first time, with underlying sales growth of 4% and UVG of 2.5%.

neutral medium
Compare with...
Revenue ₹15,623 Cr +4%
EBITDA
PAT ₹2,657 Cr +4%
EBITDA Margin 24% +130bps
Duration 90 min
Read Time 1 min read

✓ Verified against BSE filing

Delivery score0%
Due this quarter3
Delivered0
Missed3

Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.

Q1 FY24

Price growth to be near flat or marginally negative in next 2 quarters

If commodities remain at current levels, HUL expects price growth to be near flat or marginally negative, with growth fully led by volume.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q1 FY24

Volume growth momentum to be sustained

Management expects to sustain volume growth momentum despite transition, supported by price reductions and A&P investments.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q1 FY24

Gross margin to be rebuilt and invested in A&P

Focus on rebuilding gross margins and investing competitively behind A&P; EBITDA margin will be an outcome.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1