Get App


Associate Partners

Last Updated : May 06, 2019 02:34 PM IST | Source:

Buy Hindustan Unilever; target of Rs 1990: Sharekhan

Sharekhan is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 1990 in its research report dated May 03, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Hindustan Unilever

For the quarter, revenue grew by 9.3% y-o-y with a volume growth of 7% led by innovations and better revenue mix. Gross margin stood at 53.9% and operating profit grew by 13.3% y-o-y, with OPM standing at 23.3%. Domestic business volume growth will stand at high single digit in the coming quarters; margin expansion would sustain. We have marginally reduced our earnings estimates by 2.3%/1.6% for FY2020/21 to factor in lower than earlier expected revenue growth.


We maintain our Buy recommendation on the stock with a revised price target of Rs1990 (in-line with reduction of FY2021E estimates).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 6, 2019 02:34 pm
More From
Follow us on
Available On
PCI DSS Compliant