BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains sell on Hindustan Unilever
Phasing out of excise duty and continued pricing deflation hurt sales growth in Q4. Going ahead, lack of pricing power amid a weak macro climate and limited margin levers are likely to keep revenue/ earnings CAGR muted at 12/13 per cent over FY16-FY18. Current valuations at 34 times FY18 estimated earnings per share remain expensive.