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WHAT HUL RESULTS SAY ABOUT THE CONSUMER ECONOMY

机译：什么血轮结果对消费者经济说

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Sanjiv Mehta had reason to look pleased as punch on Thursday, when Hindustan Unilever, the company he heads, reported 10 percent volume growth in the December quarter. Its parent Unilever Pic is aspiring for a 3-5 percent sales growth in 2018 and would like its EBITDA margin to be above 20 percent. HUL's results tick both boxes in the quarter. Moving beyond HUL, its results say a lot about the strength of India's consumer demand and also raise some questions. Now, 10 percent volume growth may have been forecast by some analysts but was not the consensus by any stretch. HUL hit the upper end of esti- mated volume growth and without the help of a low base effect. That is very good growth, is ahead of estimated GDP growth, and in a market where concerns were raised about consumption growth slowing down.
机译：Sanjiv Mehta有理由周四看起来很高兴，当时他首领的HIDustan Unilever当时，在12月季度报告了10％的体积增长。 其父母联合利华PIC是2018年促销3-5％的销量增长，并希望其EBITDA保证金高于20％。 赫尔的结果在本季度勾选两箱。 超越赫卢，其结果谈到了印度消费需求的力量，也提出了一些问题。 现在，一些分析师可能预测了10％的体积增长，但任何延伸都不是共识。 HUL击中了估计卷增长的上端，没有低基础效应的帮助。 这是非常好的增长，提前估计GDP增长，并在涉及消费增长的担忧的市场上放缓。

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