HUL gains 3% despite Q1 miss as brokerages back demand recovery and premiumisation
HUL’s June-quarter revenue rose 10% year-on-year to Rs 17,341 crore, below estimates, while net profit fell 3% to Rs 2,673 crore. Shares gained 3.2% as brokerages pointed to stable rural and urban demand, resilient margins, pricing potential and a possible Beauty & Wellbeing recovery.
HUL missed June-quarter revenue, profit and volume expectations, but shares gained as brokerages cited stable urban and rural demand, premiumisation, resilient margins and potential FY27 growth acceleration from pricing and Beauty & Wellbeing recovery.
Why this matters
The signal follows HUL’s 9.8% Q1 turnover growth and Nirmal Bang’s Hold call, as well as a report on brokerages cutting targets despite a constructive outlook. It also extends the pattern of HUL’s strongest sales growth in 13 quarters, supported by calibrated price hikes.
Retail-company signals are accelerating, up +400767% QoQ.