JP Morgan stays overweight on HUL, sets Rs 2,550 target on stable demand, premiumisation push

JP Morgan reiterates bullish stance on Hindustan Unilever with Rs 2,550 target, implying 19.5% upside from Rs 2,192. Thesis rests on calibrated pricing, rural resilience, urban premiumisation, and scaling of liquids HPC, premium beauty and Foods. Margin band of 22.5-23.5% guided into FY27 despite ~10% input cost inflation.

— Source publishedWed, 10 Jun, 2026, 10:03 IST·First seen Wed, 10 Jun, 2026, 11:12 IST·Source NDTV Profit

What happened

Hindustan Unilever · JP Morgan maintains overweight on HUL with Rs 2,550 target, citing stable demand, calibrated pricing, rural resilience, urban

Key facts

  • Rs 2,192
  • Rs 2,550
  • 19.5% upside
  • 2.78% intraday
  • 22.5-23.5% margin band FY27
  • 10% input cost inflation

Why this matters

HUL's premiumisation playbook in liquids HPC, premium beauty and Foods signals continued appetite for bolt-on acquisitions in high-margin adjacencies where scale and distribution can be leveraged.