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What should investors do with HUL post Q2 results? buy, sell or hold?

Sharekhan maintained buy recommendation on the stock with an unchanged price target of Rs 2,550.

October 21, 2020 / 09:05 PM IST

The FMCG major Hindustan Unilever (HUL) share price rose in early trade on October 21 after the company came out with its September quarter earnings.

It has reported profit of Rs 2,009 crore in the quarter ended September 2020, rising 8.7 percent compared to Rs 1,848 crore in same period last year.

Revenue from operations increased 16.1 percent to Rs 11,442 crore in Q2FY21 compared to Rs 9,852 crore in corresponding period last fiscal.

Company's earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter came in at Rs 2,869 crore grew by 17 percent YoY and margin improved by 30 bps compared to September quarter 2019.