HUL Q2 Preview: Profits may decline 5% YoY due to GST transition, causing weak demand to impact profits

FMCG giant Hindustan Unilever Ltd (HUL) is expected to post a subdued performance in the September quarter as the recent GST rate cuts and prolonged monsoon disrupted sales momentum even as weak underlying demand and destocking weighed on volumes. According to an average of six brokers, HUL’s revenue is likely to grow only 1% year-on-year, […]