13/02/2026
HUL’s Q3 headline profit looks massive, but here’s the catch: the big jump was largely due to accounting gains from the ice-cream business demerger into Kwality Wall’s, not a dramatic uptick in ongoing operations.
📌 Key Points:
• Reported profit soared to ~₹7,075 crore (~136% YoY) on one-off gain.
• Core PAT (excluding exceptionals) was flat (~+1%).
• Revenue climbed ~5-6%, but margins came under pressure.
• Stock fell as markets parsed the quality of earnings.
📉 Takeaway: Strong headline numbers don’t always reflect a stronger business, dig deeper into core performance and sustainability.
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27/11/2025
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24/11/2025
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20/11/2025
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14/11/2025
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14/11/2025