Hindustan Unilever shares gained over 5% on Monday, May 4, following the company's quarterly results announcement. According to reports from ET Now, as of 12:40 PM, the share price was up 3.8%, or ₹86.40, to trade at ₹2,337. The stock also hit an intraday high of ₹2,365, reflecting an upside of 5.1% from the previous close of ₹2,250.60.
Last week, Hindustan Unilever reported strong quarterly results that drove the market response. As reported by ET Now, the company posted a consolidated net profit of ₹2,992 crore for the March quarter, marking a 21.4% rise from ₹2,464 crore in the corresponding quarter of the previous financial year. Revenue from operations stood at ₹16,351 crore, up 7.6% from ₹15,190 crore in Q4FY25. Along with the earnings announcement, the board proposed a final dividend of ₹22 per share, subject to shareholder approval at the AGM.
Global brokerages have maintained mixed but generally positive views on Hindustan Unilever following the results. According to ET Now, Nuvama Institutional Equities maintains a BUY rating with a target price of ₹3,090, implying an upside of 32.5%. Motilal Oswal Financial Services also maintains a BUY rating with an unchanged target price of ₹2,650, indicating an upside of 13.6%. Morgan Stanley maintains an Equal-weight rating with a revised target price of ₹2,480, suggesting a modest upside of 6.3%.
The brokerages highlighted several positive factors supporting their recommendations. As reported by ET Now, Nuvama noted that growth is broad-based with improving volumes, while personal care growth remains pricing-led amid weak mass demand. Motilal Oswal retained its FY27-FY28 EPS estimates and sees improving underlying trends, with the brokerage remaining optimistic for FY27. Management expects cost inflation and has implemented price hikes, with FY27 growth and topline estimates being raised while margin guidance has been retained.
