HUL hits new high as Q4 sales volume beats estimates

The stock hit a new high of Rs 1,543, up 2.5% on the BSE in early morning trade

Hindustan Unilever (HUL) hit a new high of Rs 1,543, up 2.5% on the BSE in early morning trade, after the fast moving consumer goods (FMCG) major reported a better than expected sales volume growth of 11% in March quarter (Q4FY18). Analysts expected sales volume growth in the range of 5% to 8%.

HUL reported 14.2% increase in its standalone net profit to Rs 13.51 billion in Q4FY18, driven by a strong double digit volume growth.  The company had posted a net profit of Rs 11.83 billion in January-March period a year ago.

The company’s net sales during