External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>HUL reported flat revenue growth (2% volume growth) to Rs 14,693 Cr,  which was in line with our/cons estimates.</li><li>This was on account of a subdued demand environment. Furthermore, price cuts in the Home Care and Skin Care segments impacted the overall revenue growth.</li><li>Premium portfolio (~25% of the portfolio) continues to remain strong and urban business continues to grow faster than rural. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

HUL reported flat revenue growth (2% volume growth) to Rs 14,693 Cr,  which was in line with our/cons estimates.This was on account of a subdued demand environment. Furthermore, price cuts in the Home Care and Skin Care segments impacted the overall revenue growth.Premium portfolio (~25% of the portfolio) continues to remain strong and urban business continues to grow faster than rural. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hindustan Unilever Ltd - Demand Recovery Will Be Gradual; Maintain BUY