Views on Hindustan Unilever 4QFY2014 result - Angel Broking

Views of Mr. V. Srinivasan (Research Analyst - FMGC, Angel Broking) on Hindustan Unilever 4QFY2014 result:

"For 4QFY2014 HUL's bottom-line performance was below estimates. Top-line rose by 8.9% yoy to Rs. 6,935cr. Domestic consumer business rose by 9% yoy with a volume growth of 3% yoy. Soaps and Detergents division posted a growth of 9.6% yoy aided by price hikes in the skin cleansing segment and healthy growth in premium products in laundry segment. Personal products division posted a 8.3% yoy growth. Beverages division posted a growth of 7.5% aided by double digit growth in tea. OPM (excl. other operating income) fell by 46bp yoy to 13.3% due to increase in staff costs and other expenses. During the quarter the company had exceptional income of Rs. 66cr arising out of sale of properties and reduction in provision for retirement benefits. After adjusting for the exceptional income, the company's net Profit rose by a modest 7% yoy to Rs. 832cr. We maintain a neutral rating on the stock."

Shares of HINDUSTAN UNILEVER LTD. was last trading in BSE at Rs.562.35 as compared to the previous close of Rs. 566.9. The total number of shares traded during the day was 74298 in over 5052 trades.

The stock hit an intraday high of Rs. 575 and intraday low of 561.35. The net turnover during the day was Rs. 42038307.

Source : Equity Bulls

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