BusinessPhoto: NDTV BusinessMotilal Oswal Maintains Buy on HUL, Cuts Target Price to Rs 2,150
Motilal Oswal has maintained its Buy rating on Hindustan Unilever Ltd. (HUL) after its Q2 results, but cut the target price to Rs 2,150 based on 37 times September 2028 estimated earnings per share. HUL focuses on topline growth through volume acceleration and new launches under its 'Unified India' strategy. Despite macroeconomic challenges like inflation and poor monsoon, management remains positive on demand trends.
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