Hindustan Unilever (Q1FY25 Results Review): The Elephant Has Started Dancing. Upgrade to BUY
The elephant has started dancing, upgrading to BUY: We upgrade HUL to BUY from Reduce with a TP of Rs 3,100 (60x June-26 EPS, in line with five...
193 Views
Hindustan Unilever Ltd - Seeing Gradual Recovery; Maintain BUY
The company’s gross margins improved 171bpsYoY to 50.9% while EBITDA margin improved by 26bps YoY to 23.5% owing to higher adspends, Adj. PAT stood...
183 Views
FineToday Pre-IPO - The Negatives - Growth and Margins Have Wavered
CVC Capital is aiming to raise over US$500m, via selling some of its stake in FineToday Holdings Co Ltd (289A JP) in Japan. In this note, we talk...
231 Views
Hindustan Unilever - Accumulate for Moderate Returns
We believe normal monsoon can provide flip to rural demand although margin expansion from current levels will be very moderate (50bps over FY24-26).
320 Views
Hindustan Unilever - Déjà Vu March'2009
0% revenue decline in Personal Care in MQ'2024 was due to delay in passing on value (higher grammage) in INR10 price point (high salience) in soaps.
299 Views