Q4FY23 Preview: Hindustan Unilever: Revenue seen at Rs 151,490 million, PAT at Rs 25,218 million

25 Apr 2023 , 11:04 AM

Result date: 27^th April, 2023

Recommendation: Add

Target price: Rs 3,000

Analysts at IIFL Capital Services expect Hindustan Unilever (HUL) to post 5% volume growth over the year-ago quarter, which is in sync with what the company reported in previous quarter. Overall sales growth would be 12.5%, which implies 7% pricing growth.

HUL could witness 89 basis points contraction in EBITDA margin and an EBITDA growth of 8%. The company’s EPS could grow at 11% over the year-ago quarter for Q4.

Analysts at IIFL Capital Services expect HUL’s Profit After Tax or PAT to grow 11.4% as compared to the year-ago quarter. 

Important management insights to watch out for:

• Demand outlook on rural versus urban
• Competitive intensity
• Outlook on OOH and discretionary categories
• Input cost trends

Rs Million	March 2023 estimates	YoY change
Revenue	151,490	12.5%
EBITDA	35,789	8.4%
Profit After Tax	25,218	11.4%

Source: IIFL Research