Double-digit growth boosts HUL's Q4 show; management cautious about outlook

Despite consecutive quarters of 11% volume growth, management cautious about outlook

Led by robust volume growth of 11 per cent across its four key segments, Hindustan Unilever reported a 16 per cent year-on-year (y-o-y) increase in revenues for the March quarter (Q4). While the numbers are adjusted for the impact of the goods and services tax (GST), growth metrics reported by the company are similar to those reported in the December quarter. 

Most brokerages had pegged a growth of about 7 per cent and this was led by a strong recovery in rural markets, steady urban demand as well as stabilising of the trade channels. GST price reduction to the tune of