HUL Q1FY19 preview: Double-digit volume growth expected, say analysts

Hindustan Unilever (HUL) is likely to announce its results for the June quarter (Q1FY19) later in the day today. In March 2018 quarter, HUL beat analyst expectations to post a 14.2% year-on-year (YoY) rise in March quarter net profit at Rs 13.51 billion, as against Rs 11.83 billion a year ago.

On a year-to-date basis, the stock has rallied around 29.19 per cent and has outperformed the Nifty FMCG index that gained over 10.81 per cent during this period. In comparison, the Nifty50 index is up 4.48 per cent YTD, ACE Equity data showed.

According to analysts, the FMCG major