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Sharekhan's research report on Hindustan Unilever
Hindustan Unilever Limited (HUL) is planning to form a new subsidiary with an authorised share capital of Rs. 2,000 crore to set up a manufacturing facility to avail the benefits of the new tax regime. The company is planning for initial investment of Rs. 600 crore-800 crore for setting up the new facility. HUL will continue to post 4-5% volume growth in the near term as recovery will take 2-3 quarters; margin expansion is expected to sustain.
Outlook
We maintain our Buy recommendation on the stock with a revised price target of Rs. 2,575.
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