After a steady Q2, HUL's 'cautious optimism' stance raises demand concerns

Company posts 9% YoY increase in net profit, 11% growth in revenues

The country’s largest fast-moving consumer goods (FMCG) company, Hindustan Unilever (HUL), posted a 9 per cent year-on-year (YoY) rise in net profit at Rs 2,187 crore for the July-September quarter (Q2 of FY22). This was marginally lower than the Rs 2,195 crore estimated by Bloomberg.
 
Despite a robust top line performance, the rise in costs weighed on the operating performance as well as the bottom line.Powered by a double-digit growth across two of its three segments, HUL reported a 11 per cent rise in revenues. While volume growth at 4 per cent was weaker than the 9 per cent