HUL Q1 results preview: Muted volume growth likely due to demand slowdown

HUL Q1 results: Analysts say that the FMCG company's profit margins will continue to bear the brunt of high commodity prices, which were at peak highs for the most part of the quarter.

Fast-moving consumer goods major Hindustan Unilever (HUL) is slated to report its April-June quarter (Q1FY23) results on Tuesday, July 19. Analysts estimate the company to post yearly revenue growth of 6-15 per cent, and up to a 12.6 per cent increase in net profits.

The company’s sales growth is expected to have been led by price hikes as volumes remained muted in the quarter due to continuous demand slowdown in rural markets and consumers downgrading to low price units.

Analysts add that the FMCG company’s profit margins will continue to bear the brunt of high commodity prices, which were at