Moneycontrol
May 18, 2017 12:25 PM IST | Source: CNBC-TV18

Kotak PCG expects 17% CAGR in HUL earnings in the next 2 yrs

In an interview with CNBC-TV18, Ritwik Rai, VP-Research at Kotak PCG shared his readings and outlook on HUL numbers.

Hindustan Unilever beat expectations in the fourth quarter earnings FY17. Volumes surged 4 percent much higher than estimates, the margins and profits were healthy too.

In an interview with CNBC-TV18, Ritwik Rai, VP-Research at Kotak PCG shared his readings and outlook on HUL numbers. He said that earnings were ahead of their estimates.

Kotak PCG expects 17 percent compound annual growth rate (CAGR) in HUL earnings in the next two years, he said, adding that they have raised the price target on HUL to Rs 1,100.

Watch accompanying video for more details.

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