MUMBAI: Fast-moving consumer goods giant Hindustan Unilever Ltd (HUL) is likely to report a strong rise in its net profit for the fourth quarter of fiscal 2020 even as volume growth may be be under pressure, analysts said.
According to the average of estimates of 17 brokerages polled by Bloomberg, the company may post a net profit of ₹1,796.30 crore for January-March, while revenue is seen at ₹10,116.50 crore.
In early deals on Thursday, shares of HUL traded flat at ₹2238.85 on the BSE. The company is scheduled to announce its earnings later today.
Analysts at Edelweiss Securities expect HUL's revenue to grow at 2.6%, Ebitda at 12.5% and net profit at 16.3% year on year (y-o-y).