InvestorQ : How do you see the market reaction to the Hindustan Unilever quarterly results for the Jun-21 quarter?
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How do you see the market reaction to the Hindustan Unilever quarterly results for the Jun-21 quarter?

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Mary Joseph answered.
5 months ago
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The stock of HUL fell on Friday after the results were announced on Thursday. For the Jun-21 quarter, the net profit was up 9.6% at Rs2,061 crore while the revenues were up 12.7% at Rs.11,730 crore. While the EBITDA was up 7.7% in the quarter, the markets were somewhat disappointed that the EBITDA margin had fallen from 25% to 23.9%.

However brokerage views appear to be mixed. For example, UBS has give a buy with target of Rs.2,850 while Goldman Sachs is neutral with target of Rs.2,182. While Citi has held its buy call on HUL, CLSA has cut its target price. Domestic brokers like Prabhudas Liladher and Sharekhan are also positive on the stock, although they continue to remain cautious.

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