HUL share price today: Hindustan Unilever (HUL) share price slumped in early trade today (January 23). Despite a nearly 9% jump in Q3FY25 profit, the price of HUL shares slipped to almost 8-month lows around Rs 2,299.70 a share. This decline in the share price of HUL comes after several brokerage firms raised concerns about future demand and margin worries.
Furthermore, the brokerage houses have revised their target prices for HUL. They have turned cautious about the company’s near-term performance. This also impacted sentiment significantly.
UBS revised HUL share price target lower to Rs 2,700 per share
UBS has maintained a Neutral stance, and has revised its target price down to Rs 2,700 per share from Rs 2,800. According to them, the revenue growth is broadly in-line, the weak product mix is affecting volume growth (UVG). UBS expects demand to remain soft in the near-term, leading to cuts in EPS estimates for FY25-27 by 1% to 5%.
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CLSA cut target price for HUL to Rs 1,924 on margin worries
Taking a more bearish stance, CLSA has downgraded HUL to an Underperform rating. The brokerage firm also has slashed its target price to Rs 1,924 per share. The minimal acquisition announced also raised concerns, with CLSA revising FY25-27 EPS estimates down by 4% to 6%.
According to the firm, the weak growth and lower margins in Q3, particularly as three out of four segments saw a decline in UVG.
HUL Q3: Goldman Sachs Neutral on margin worries
The brokerage firm has given a Neutral rating. Further, the firm has also revised its target price and has cut to Rs 2,480 per share.
According to the firm, the Q3 results came in below estimates, particularly in volume and EBITDA growth. Moreover, the urban slowdown has worsened, and pointed out the trend of consumers downtrading to smaller packs.
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The firm also expects a further weakening of margins,
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