Jefferies has reiterated its buy rating on Hindustan Unilever (HUL) with a target price of ₹3,000, saying that India has emerged as a core growth market in parent company Unilever’s global strategy. At a recent investor conference, Unilever CEO Fernando Fernandez outlined strategic priorities, stating that “not a penny will be spent outside of the US and India” on acquisitions, underscoring the importance of the Indian market.
The brokerage noted that confidence in HUL’s leadership team, particularly Priya Nair, remains strong, with medium-term growth expected to broadly track India’s GDP. Jefferies said HUL is likely to align closely with the parent’s global agenda, positioning it to deliver stronger performance and market share gains in the years ahead.
The brokerage added that India’s favourable demographic profile, expanding consumption base, and premiumisation trends make HUL one of the best-placed consumer names to benefit from secular growth drivers.
Disclaimer: The views and recommendations made in this article are those of Jefferies. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
