HUL Q3 net may fall; volume de-growth seen on demonetisation
Stock Future Tips Hindustan Unilever’s net profit is likely to shrink 0.5 percent in October-December to Rs 967 crore from Rs 972 crore in corresponding quarter last fiscal.
Its total income may also fall 4 percent at Rs 7450 crore against Rs 7764 crore in year-ago period. It is to be noted that the base quarter had an exceptional loss of Rs 79.6 crore.
Demonetisation is seen hitting the FMCG major's business as margins may contract 40 basis points to 18 percent in Q3 from 18.4 percent (year-on-year).