Add Hindustan Unilever, target price Rs 2750: ICICI Securities

Add Hindustan Unilever, target price Rs 2750: ICICI Securities
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Synopsis

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 610600.03 Crore) operating in FMCG sector.

Agencies
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.
has add call on Hindustan Unilever with a target price of Rs 2750. The current market price of is Rs 2609.1. Time period given by analyst is one year when . price can reach defined target.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 610600.03 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
Earnings estimates are unchanged; modelling revenue / EBITDA / PAT CAGR of 12 / 13 / 13 (%) over FY22-24E. Maintain ADD rating with a DCF-based unchanged target price of Rs2,750. Key downside risks are delayed recovery in demand, sustained raw material inflation and irrational competition.

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.
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