Foreign investors cut stakes in FMCG firms as soaring input cost threatens Q4 earningsMoneycontrol • 10 days ago
Varun Beverages and Britannia Industries hit a six-week low in FII ownership, while Dabur India and Godrej Consumer Products recorded their lowest FII ownership since December 2015.
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ICICI Securities recommended hold rating on Hindustan Unilever with a target price of Rs 2350 in its research report dated April 25, 2024.
Prabhudas Lilladher recommended accumulate rating on Hindustan Unilever with a target price of Rs 2543 in its research report dated April 24, 2024.
Religare Retail Research is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 2802 in its research report dated April 25 2024.
The FMCG bellwether is eyeing to clock a double-digit earnings per share (EPS) growth going ahead said chief financial officer Ritesh Tiwari
The management said that while its beauty product line primarily targets urban consumers, it would be inaccurate to suggest that rural markets are neglected
Commenting on the outlook for the FMCG sector, the HUL management said that it sees FMCG demand to continue improving gradually.
The overall beauty and personal care business had an underlying sales growth decline of 2 percent with flat volume growth.
Hindustan Unilever's sales rose only marginally to Rs 14,693 crore in the fourth quarter
For the three months ended March, Hindustan Unilever is expected to report a fall in revenue of around one percent.