HUL to report Q1 numbers today; here's what brokerages say

JM Financial expects HUL's volumes to come in flat, and sales to grow by 5% on 4-5% price-led growth

Hindustan Unilever, which has gained over 39% so far in 2017, is slated to report its June quarter numbers later in the day.

Analysts expect HUL's sales growth to increase by around 4% on the back of a flat volume growth as destocking owing to Goods and Services Tax (GST) impacted the company's CSD (canteen-store-departments) offtake in the last one month. CSD contributes 5-6% to the overall sales. 

"We expect HUL to record a volume decline of nearly 1-2% YoY on a base of 4% YoY (volumes grew 4% YoY in Q4FY17 on a base of 4% YoY) owing to