Hindustan Unilever Ltd. share price target

Considering demonetization, Hindustan Unilever (HUL)'s performance was healthy both on the top-line and bottom-line front during the quarter. The company's top-line grew flat yoy to `7,706cr, while the reported PAT grew by ~7% yoy to 1,038cr. We expect HUL to post ~8% and ~10% CAGR in its top-line and bottom-line, respectively, over FY2..

for the quarter despite an unfavourable environment. Revenue declined 1.2% YoY to | 7512.5 crore against our estimate of | 7065.0 crore. Volumes declined 4.0% YoY which was setoff by similar increase in realisation. The company undertook price hike mainly in the personal care segment to pass on the impact of increase in input...

Net sales grew by 1.3% Y-O-Y to `7697.6crs in Q2FY17. Domestic business grew by 2% with intrinsic growth of -1% (lowest in last 7 years). EBITDA grew by 5.1% Y-O-Y to `1404.6crs in Q2FY17. EBITDA Margins stood at 17.9%...

Hindustan Unilever (HUL)'s performance for 2QFY2017 was below expectations on the top-line front; however, the bottom-line front performed well. For the quarter, the company's top-line grew by 1.4% yoy to Rs7,843cr, while the reported PAT grew by ~12% yoy to Rs1,096cr. We expect HUL to post ~7% and ~9% CAGR in its top-line and bottom-line..

HULs net revenue was up by mere 1.4% YoY to Rs 78.4bn, lower than our expectation of 5.6% growth. Domestic consumer business grew by 2% with -1% UVG. EBITDA & APAT grew by 5.1% & 9.3%.

Revival in rural growth may be saviour... Hindustan Unilever reported disappointing Q2FY17 results with the topline merely growing at 1.5% to | 8335.1 crore largely contributed by 3% price hikes. Volumes contracted 1%. Sales growth in home care, foods & refreshments was 3.2%, 2.4%& 8.4% YoY, respectively....

Hindustan Unilever’s (HUL) volume growth came in muted at 4% for Q1FY17 vs. our expectation of 5%. As per Ind AS, net sales grew 3.6% YoY to | 7987.7 crore (I-direct estimate: | 8434.2 crore). Sales growth in home care, personal care, foods & refreshments was 6.8%, 2.1%, 4.7% & 5.4%, YoY, respectively .EBITDA margins improved 85 bps to 20.1% (I-direct estimate: 17.4%). Soft input costs (down 101 bps as % of sales) & lower A&P spend (down 56 bps as % of sales) aided in margin expansion . PAT increased 9.8% YoY to | 1173.9 crore (I-direct estimate: | 1049 crore) on the back of higher EBITDA and exceptional gain of | 70.8 crore mainly due to one-time write-back of provision. HUL has proposed setting up of a plant in Assam at an investment of | 1000 crore to increase production capacity of personal care products. It is expected to be operational in early 2017. ICICI Securities Limited maintain BUY recommendation with a target price of | 1000/share.

Trendlyne has 21 reports on HINDUNILVR updated in the last year from 6 brokers with an average target of Rs 870.4. Brokers have a rating for HINDUNILVR with 2 price upgrades in past 6 months and 1 downgrades,3 price downgrades,1 upgrade,5 price upgrades in past 1 Year.

The Home Care segment drove sales this quarter, growing at 6.8% Y-O-Y. EBITDA grew by 8.2% Y-O-Y and 11.3% Q-O-Q to `1635.9crs in Q1FY17. EBITDA Margins stood at 20.1% as opposed to 19.3% in this quarter last year. This improvement was on the back of gross margin improvement due to lower input costs. EBIT stood at `1542.6crs in Q1FY17 recording a growth of 7.3% Y-O-Y and 11.6% Q-O-Q. Reported Profit after Tax (after accounting for exceptional items) grew by 9.8% Y-O-Y and 5.4% Q-O-Q to `1173.9crs in this quarter. PAT Margin too went up to 14.4% as opposed to 13.6% in this quarter last year....

Hindustan Unilever (HUL)'s performance for 1QFY2017 was slightly below consensus expectations. For the quarter, the company's top-line grew by 3.6% yoy to `8,128cr while the reported PAT grew ~10% yoy to `1,174cr. Key highlights: For 1QFY2017, HUL's overall top-line rose by 3.6% yoy to `8,128cr on the back of 4% volume growth. The Soaps &..

Attended the analyst meet of HUL where the company talked about the long term growth opportunities in each of its four categories and how the company plans to tap them. The key highlights of the meet are: Demand environment subdued; management satisfied with prompt action after commodity prices fell: Demand environment continues to be subdued and the current rural FMCG growth rate is at its lowest in a decade. FY16 was marked by a sharp fall in commodity prices; however, unlike 2009, when HUL absorbed input cost benefits and lost market share, this time it was prompt in passing on input-cost benefits to consumers through price action and thus maintained market share.Phillip Capital maintain Sell with a target price of Rs 830.

Trendlyne has 24 reports on HINDUNILVR updated in the last year from 7 brokers with an average target of Rs 865.2. Brokers have a rating for HINDUNILVR with 2 price upgrades in past 6 months and 2 downgrades,4 price downgrades,1 upgrades,6 price upgrades in past 1 Year.