Hindustan Unilever share price: Retain ‘BUY’ rating with a target price of Rs 2805 on HUL
The ongoing year holds great promise for Hindustan Unilever (HUL) vis-a-vis CY20. In spite of sharp inflation in raw materials, Edelweiss expects its EBITDA margin in Q4FY21 to be flat QoQ and improve 150bp YoY. Edelweiss expects HUL to post 14% YoY volume growth (ex-GSK) and 18% YoY sales growth during the quarter. Staples market continued to revive in January and February aided by recovery in detergents, cosmetics, ice creams, skin creams, etc.
Edelweiss estimated HUL, ex-GSK portfolio, will post 14% YoY volume growth and 18% YoY sales growth with 150bp YoY EBITDA margin expansion in Q4 FY21: Reuters