Given that the economic slowdown has taken a toll ... moreGiven that the economic slowdown has taken a toll on demand, expectations from the results of consumer firms for the September 2019 quarter are not running too high. In that backdrop, Hindustan Unilever’s Q2 numbers don’t appear too bad. Volume growth is slightly better than analysts’ expectations. Plus, the company has improved its Ebitda margin on a year-on-year basis. Going ahead, rural demand slowdown remains a concern. Nonetheless, steep valuations suggest investors are capturing the brighter picture.
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