Jefferies keeps HUL ‘Buy’, sees about 35% upside to Rs 2,850
Jefferies retained its Buy rating on Hindustan Unilever after 10% year-on-year June-quarter revenue growth, citing stable consumer demand and management’s 22.5%–23.5% EBITDA-margin guidance despite raw-material inflation.
Jefferies retained a Buy rating on Hindustan Unilever, setting a Rs 2,850 target that implies about 35% upside. It cited 10% June-quarter revenue growth, stable consumer demand and management confidence in maintaining 22.5%-23.5% EBITDA margins despite raw-material inflation.
Why this matters
Jefferies’ call follows HUL’s June-quarter profit decline of about 3% amid commodity-cost pressure and a near-7% share drop, while Unilever’s CEO has reaffirmed India investment as HUL targets high-single-digit growth.
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