Brokerages see upside in Swiggy, Go Fashion and HUL on consumer earnings outlook
Bernstein set a Rs 430 target for Swiggy, implying 71% upside. Motilal Oswal sees about 31% upside in Go Fashion as productivity and efficiency initiatives aid recovery, while Jefferies’ Rs 2,850 HUL target implies about 35% upside after 10% June-quarter revenue growth.
Brokerages retained positive views on Indian consumer businesses Swiggy, Go Fashion and Hindustan Unilever. Bernstein sees 71% upside in Swiggy, while Motilal Oswal expects Go Fashion’s productivity and efficiency initiatives to support earnings recovery. Jefferies cited HUL’s 10% revenue growth.
Why this matters
The Bernstein target follows Jefferies calling Swiggy a high-risk quick-commerce bet with 40% upside, as Swiggy expands affordability formats and faces Bengaluru restaurant payout-deduction boycott threats.
Retail-company signals are accelerating, up 218567% quarter over quarter.