Nomura maintains Buy on HUL with a Rs 2100 target, as Q2 volume and sales growth beat estimates. Operating margin stood at 22.4% versus 23% expected, alongside higher-than-anticipated gross-margin compression.

Livesquawk • 7 days ago

Jefferies maintains a Buy rating on HUL with a target price of Rs 2350 following strong Q2 growth. Price hikes and reduced ad spending cushioned EBITDA margins against inflation, though near-term cost pressures are expected to persist.

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