Earnings Report /
Bangladesh

Unilever Consumer Care: NPAT grew after four quarters led by substantial sales growth; upgrade to Hold

  • Sales grew by c20% YoY as Unilever starts to leverage its strong distribution channel and effective marketing campaigns

  • NPAT grew by c16% outperforming our expectations

  • Upgrade to Hold with increased TP of BDT2,600 for June 2022 (ETR -6.5%).

Auneea Haque
Auneea Haque

Research Associate

S. M. Galibur Rahman
IDLC Securities
2 November 2021
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