HUL (CMP: Rs.496/ TP: -/ Upside: -)
HUL is expected to announce its 3QFY2013 results today. We expect the topline to grow by 12.6% yoy to Rs.6,591cr. OPM is expected to decline by 238bp yoy to 12.8%. Bottomline is expected to grow by 3.1% yoy to Rs.790cr.
We maintain a neutral recommendation on the stock.