India Inc, including the pricey fast-moving consumer goods (FMCG) players were expected to bear the brunt of the Covid-led disruption. However, Hindustan Unilever’s (HUL’s) worse-than-expected March quarter (Q4) numbers indicate that investors will have to lower expectations further, with further pressure likely ahead.
Domestic volumes shrunk by 7 per cent year-on-year (YoY) — among the worst-ever performances by the FMCG major — lower than the Street’s expectations of a 4 per cent decline. This took a toll on HUL’s overall Q4 numbers. Top …
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read the full story about HUL’s Q4 numbers a warning signal for those investing in the FMCG sector
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