NEW DELHI, Feb. 5 -- Fast-moving consumer goods company Hindustan Unilever Ltd's (HUL) December quarter results are not bad, but at the same time, they are not particularly impressive either. While HUL has done well on revenues, profit margins have been a sore point.
HUL's reported revenues increased 20.5% over the same period last year to 11,682 crore. Growth is better than expected. For instance, analysts from JM Financial Institutional Securities Ltd had estimated the company's revenue to grow 18.4%. This growth includes the impact of the GSK CH merger.
On a like-to-like basis, the company's domestic consumer growth for the December quarter stood at 7%. This marks an improvement for the third consecutive quarter.
Further, about 80% of...