Buy Hindustan Unilever; target of Rs 1285: Motilal Oswal
Motilal Oswal is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 1285 in its research report dated July 18, 2017
July 19, 2017 / 03:26 PM IST
Motilal Oswal's research report on Hindustan Unilever
Hindustan Unilever’s (HUVR) 1QFY1 8 net sales increased 4.9 % YoY (est. of +2%) to INR8 5.3 b. Domestic consumer business grew 6% YoY, with flat volume s (est. -1%).EBITDA increased 1 4.1 % YoY to INR1 8.7 b (12% above estimate) and PAT (bei) rose 14.6% YoY to INR1 2.9 b (11% above estimate) .
We maintain our target multiple of 45x FY19E June-19 EPS (5% premium to 3-year average),resulting in a target price of INR1,285. Maintain Buy.
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