Axis Securities has buy on Hindustan Unilever, target price Rs 2,175

Axis Securities has a buy rating on Hindustan Unilever in the long term with a target price of Rs 2175. Shares of Hindustan Unilever ended up 0.24% at Rs 1920.15 on Tuesday while BSE Sensex closed 192.84 points (0.47%) up at 40,869.47.

Company Financials

For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 9957.00 crore, down -2.62 % from last quarter sales of Rs 10225.00 crore and up 6.09 % from last year same quarter sales of Rs 9385.00 crore. The company has reported net profit after tax of Rs 1818.00 crore in the latest quarter.


The company’s top management includes Dr.Sanjiv Misra, Mr.Aditya Narayan, Mr.Dev Bajpai, Mr.O P Bhatt, Mr.Pradeep Banerjee, Mr.S Ramadorai, Mr.Sanjiv Mehta, Ms.Kalpana Morparia. Company has BSR & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 2,164,812,057 shares outstanding.

Investment Rationale

Although the company's parent Unilever has revised guidance downwards for calendar year 2019 and first half of calendar year 2020, Hindustan Unilever in the Indian context is better placed to wade through cyclical downturns.