₹12,132 crore. It was a foregone conclusion that Hindustan Unilever Ltd’s (HUL) reported growth would be robust for the March quarter (Q4FY21).
The quarter had the benefit of a favourable base. Recall that underlying volumes had declined by 7% in Q4FY20 owing to the impact of a demand slowdown and the covid-19 lockdown last year.As such, the fast-moving consumer goods (FMCG) company has broadly done better than analysts’ expectations this time around.
In Q4FY21, volumes increased by 16% and domestic consumer growth (like-for-like revenue performance) stood at 21%.For perspective: JM Financial Institutional Securities Ltd was expecting these parameters at 15% and 20%, respectively.