*Hindustan Unilever Ltd.* | *CMP* Rs. 2015 | *M Cap* Rs. 436210 Cr | *52 W H/L* 2102/1500
(Nirmal Bang Retail Research)
Volumes came at 5% vs expectation of 4.4%, QoQ 5%, YoY 10%
*Result is above expectations*
Revenue from Operations came at Rs. 9852 Cr (-2.6% QoQ, 6.7% YoY) vs expectation of Rs. 9752 Cr, QoQ Rs. 10114 Cr, YoY Rs. 9234 Cr
EBIDTA came at Rs. 2443 Cr (-7.7% QoQ, 21% YoY) vs expectation of Rs. 2191.5 Cr, QoQ Rs. 2647 Cr, YoY Rs. 2019 Cr
EBITDA Margin came at 24.8% vs expectation of 22.5%, QoQ 26.2%, YoY 21.9%
Adj. PAT came at Rs. 1848 Cr vs expectation of Rs. 1788.2 Cr, QoQ Rs. 1748 Cr, YoY Rs. 1560 Cr
Quarter EPS is Rs. 8.5
Share is trading at P/E of 60.3x FY20E EPS