Citi has reaffirmed its ‘Buy’ rating on Hindustan Unilever (HUL) while reducing the target price to ₹2,850 from ₹3,400, representing an upside potential of 21.8% from the current market price of ₹2,340.00.
The brokerage highlighted that tepid demand trends are likely to weigh on HUL’s near-term growth outlook. However, it views the company’s acquisition of Minimalist as a strategic move to address gaps in the beauty segment and strengthen its market presence.
Citi also revised HUL’s FY25-27 earnings estimates downward by 2-6% due to muted demand and macroeconomic challenges impacting growth projections.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
