Add Hindustan Unilever, target price Rs 2701: Centrum Broking

Centrum Broking has add call on Hindustan Unilever with a target price of Rs 2701. The current market price of Hindustan Unilever is Rs 2580.3.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 606664.46 Crore) operating in FMCG sector.

Hindustan Unilever Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 14757.00 Crore, up 6.58 % from last quarter Total Income of Rs 13846.00 Crore and up 20.37 % from last year same quarter Total Income of Rs 12260.00 Crore. Company reported net profit after tax of Rs 2391.00 Crore in latest quarter.

Investment Rationale
The brokerage expects gradual recovery in discretionary spends and inherent distribution strength to drive GSK-CH business. Though margins could remain in tight range, given inflationary cycle and to supplement volumes it warrants high ad-spends.

Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.69 per cent, DIIs 9.79 per cent.