Motilal Oswal sees 21% upside in HUL, sets Rs 2,650 target on volume-led growth
Brokerage reiterates Buy citing HUL's WiMI strategy, Rs 2,000 crore premium-category capex, and management's 22.5-23.5% Ebitda margin guidance post ice-cream demerger. Target values stock at 50x Mar'28E EPS.
What happened
Hindustan Unilever · Motilal Oswal reiterated Buy on HUL with Rs 2,650 target (21% upside), citing volume-led growth, WiMI strategy, Rs 2,000 crore capex into
Key facts
- Target Rs 2,650
- 21% upside
- Rs 2,000 crore capex
- Ebitda margin 22.5-23.5%
- 50x Mar'28E EPS
Why this matters
The ice-cream demerger and concentrated premium-category capex point to a portfolio reshuffle that could open M&A or divestment windows in adjacent FMCG segments.