Earnings to watch out for today: Hindustan Unilever, Karnataka Bank

The results expected today include Hindustan Unilever, Karnataka Bank, Tata Sponge Iron and 3i Infotech.

Given below are our expectations for the Nifty 50 stock, which will be releasing their Q2FY19 results today.

HUL Consensus estimates for Q2FY19E:

Revenue – Rs9,299cr, up 13.4% yoy, led by volume growth of ~9% yoy (4% volume in Q2FY18)

EBITDA – Rs1,997cr, up 18.8% yoy

EBITDA Margin – 21.5%, expansion of 96bps yoy; ad spends expected to remain elevated

PAT – Rs1,440cr, up 16.5% yoy

On Thursday, shares of Hindustan Unilever Ltd ended at Rs1,549.15 up by Rs20.65 or 1.35% from its previous closing of Rs1,528.50 on the BSE.

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