FMCG firm says rural slowdown sharp; RIL arm claims growth continues
The stock of fast-moving consumer goods (FMCG) company surpassed its previous high of Rs 2,102 touched on September 23, 2019.
The volatility in crude oil and currency are key monitorables for us, said Mehta
Edelweiss Securities expects Q2FY20 to see the slowest volume growth for consumer goods companies since Q1FY18, which was impacted by GST-related destocking.
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
For the quarter under review, the company is projected to register sales/revenue growth of 9.7 per cent YoY at Rs 10,410 crore
Since October 12, 2018, post Q2FY19 results, the stock of HUL has outperformed the market by surging 21%, against 5.4% rise in the Nifty50 index.
The stock was up 2% to Rs 1,777, trading close to its record high level of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade.
The stock was trading 2.4% higher at Rs 1,566 on the BSE.
In calendar year 2018, HUL had outperformed the market by surging 28% as compared to 7% rise in the benchmark index till Monday.
Since May 14, 2018, after the Q4FY18 results, HUL has outperformed the market by surging 17.5% as compared to 2.8% rise in the S&P BSE Sensex.
In past six months, the stock had outperformed the market by surging 56% against 23% rise in Sensex till Monday, September 25, 2017.
As per the analysts, benefits from monsoon and 7th Pay Commission may be seen October 2016 onwards
Q4 profit of Rs 1,090 crore beats estimates