HUL Q3: Revenue may rise up to 12% YoY; margins to contract, analysts say

Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.

Fast moving consumer goods major Hindustan Unilever (HUL) is likely to clock year-on-year revenue growth of 9-12 per cent in the December quarter (Q3FY22) on account of price hikes taken in recent quarters, analysts said. Its volume growth, however, is likely to be flat. The company is scheduled to report its Q3 earnings on Thursday, January 20.  

Brokerages JM Financial, Edelweiss Securities and Kotak Institutional Equities have projected HUL's volume growth at 1-2 per cent, as against a 4 per cent rise in the previous quarter and in Q3FY21. This is due to recent weakness in rural demand and sluggish sales