HUL gains 2% ahead of Q2FY19 results

The company’s profit is expected to be at Rs1,440cr, up 16.5% yoy.

Oct 12, 2018 06:10 IST India Infoline News Service

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Shares of Hindustan Unilever (HUL) were trading 2% higher on Friday as street is waiting for the company to release it Q2FY19 numbers later today.

The company is expected to release revenue at Rs9,299cr, which is 13.4% higher yoy. This is probably led by volume growth of ~9% yoy (4% volume in Q2FY18). Further, EBITDA of the company is expected to be at Rs1,997cr, up 18.8% yoy, while EBITDA Margin at 21.5%, expansion of 96bps yoy. The company’s profit is expected to be at Rs1,440cr, up 16.5% yoy. Read more.

Hindustan Unilever share price is currently at Rs1,561, up by Rs32.5 or 2.13% from its previous closing of Rs1,528.50 on the BSE. The scrip has opened at Rs1,549.15. It has touched a high and low of Rs1,566 and Rs1,541.15, respectively. So far 7,28,660 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs3,30,866.59cr.

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