Good set of numbers, HUL reacting to that: Prashasta Seth

Ina achat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth shares his view on HUL

ET Now: Just a splendid set of numbers and a great reaction to Hindustan Unilever?

Prashasta Seth: There was a big concern that margins will come off in case the discretionary spending is slowing down and that is what has been belied and the margins have been maintained especially in the soaps and detergent sectors where the margins came in ahead of the street. So what you are seeing is obviously a reaction to that and the fact that margins continue to remain very very strong. So good set of numbers and the stock is reacting to that.