In the light of reduction in net content inflation, the margin profile of FMCG major Hindustan Unilever Ltd is likely to continue improving in the coming quarters. HUL’s Nano factories, shop and deployment capabilities, and redesigned manufacturing and distribution networks enable greater agility and flexibility. This will result in better customer service, better efficiency and cost reduction.
With initiatives like this brokerage Nuwama Institutional Equities hopes that HUL will continue to grow market, “The appointment of Rohit Jawa as MD & CEO will be effective from June 27 and we expect him to do well,” the brokerage said.
Nuwama remains positive on HUL’s ability to maintain its all-sector lead and drive growth in rural and urban areas. The brokerage maintains a ‘Buy/Then’ with a target price of Rs. 3,365, indicating a potential upside of 32 per cent from its closing price 2,555.50 on Monday.
shares HUL shares were trading down 0.39 per cent. 2,541.85 on the NSE in Tuesday’s trade at Rs. On a year-to-date basis, the stock fell 0.49 per cent, while it gained nearly 17 per cent in the last one year.
“We expect HUL to gain market share, grow D2C, improve margins and deliver a portfolio premium in FY24 (it is now at 33%, up from 22% in FY12),” the note said. Is).
HUL continues to maintain industry leadership on the back of market growth, portfolio turnaround and branding investments, with premiumisation being a key driver.
HUL is India’s largest fast-moving consumer goods company, For the fiscal year ending March 31, 2022, HUL which has power brands like Rin, Surf Excel, Dove etc. revenue from 51,193 crores.
The views and recommendations given above are of individual analysts or broking companies and not of Mint,
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