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Hold Hindustan Unilever; target of Rs 2200: ICICI Direct

ICICI Direct recommended hold rating on Hindustan Unilever with a target price of Rs 2200 in its research report dated April 28, 2022.

April 29, 2022 / 01:43 PM IST
 
 
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ICICI Direct's research report on Hindustan Unilever


Hindustan Unilever (HUL) is the biggest FMCG company in India with more than 40 brands across categories. It is the market leader in fabric wash, personal wash, cosmetics, shampoos and many other categories. The company has a distribution reach of ~8.5 million (mn) outlets with a direct network of more than 3.5 mn • HUL acquired GSK Consumer Healthcare’s business in 2019 and integrated Horlicks and Boost brands with the foods & refreshment segment.


Outlook


We maintain our HOLD rating on the stock. We value HUL at Rs 2200 i.e. 55x P/E on FY24E EPS.


For all recommendations report, click here

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first published: Apr 29, 2022 01:41 pm
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