HUL volume growth slowest in 7 quarters; Q1 profit in line with estimates

Hindustan Unilever (HUL), the country’s largest consumer goods company, on Tuesday reported its lowest volume growth in seven quarters for the April-June period (Q1FY20) on the back of moderation in consumer demand.

For the quarter under review, HUL saw 5 per cent volume growth as against 12 per cent in the year-ago period. This is the second straight quarter when HUL has posted single-digit volume growth. In the March quarter, volume growth was 7 per cent.

HUL Chairman and Managing Director Sanjiv Mehta admitted that not only rural growth, urban growth too was slowing. However, the slowdown in rural growth,