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Buy Hindustan Unilever; target of Rs 1304: HDFC Securities

HDFC Securities is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 1304 in its research report dated July 19, 2017.

July 24, 2017 / 01:38 PM IST
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HDFC Securities' research report on Hindustan Unilever

HUL’s 1Q numbers came in better than expectations, despite channel destocking pressure. HUL’s net revenue was up 5% YoY at Rs 85.3bn (1% expectation). The domestic consumer business registered healthy 6% growth, with flat UVG (-1% expectation). EBITDA and APAT were up 14% and 15% respectively.


Stable raw material prices with healthy premium segment growth can help expand margins in the coming quarters. We expect the stock to give healthy returns in the near term.

For all recommendations report, click here


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first published: Jul 24, 2017 01:38 pm

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