JPMorgan has maintained its overweight rating on Hindustan Unilever (HUL) but has cut the share price target to ₹2,870, implying a 7.9% upside from the current market price (CMP). The demand outlook has been impacted by slowing urban demand, though pricing and market share have strengthened.
In Q2, HUL’s revenue and EBITDA came in 1% and 1.5% below estimates, respectively, due to a miss on volume growth, though the EBITDA margin was in line with expectations. JPMorgan has lowered its FY25-26 EPS estimates by 3%, reflecting a marginal moderation in revenue forecasts.
Currently, HUL’s stock is trading at ₹2,659.35.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
