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HUL's Poor Run of Quarterly Performances May Continue

Mint Ahmedabad

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April 24, 2025

Analysts expect HUL to post among the weakest volume growth in the FMCG sector again

- Suneera Tandon

Hindustan Unilever Ltd (HUL) is likely to report a subdued March quarter (Q4FY25), with analysts forecasting flat to low single-digit volume growth—extending a stretch of sluggish demand that, according to some brokerages, could make it the weakest performer in volume growth among its fast-moving consumer goods (FMCG) peers.

The company, which makes everything from soaps and shampoos to tea and detergents, will announce its earnings on Thursday. As a bellwether for the broader consumer goods sector, HUL's results are closely watched for signals on rural recovery, input cost inflation, and the resilience of discretionary spending.

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