Overview

• Nuvama Institutional Equities reiterated its ‘Buy’ recommendation on Hindustan Unilever and kept its 12-month price target unchanged at Rs3,055.
• HUL strengthened its D2C channel in FY25 by acquiring skincare brand Minimalist and raising digital advertising to 40% of total marketing spend.
• The company introduced premium offerings such as Liquid IV and Hourglass while rolling out low-unit-price packs to expand reach in rural and value-sensitive markets.
• Fabric Wash and Household Care segments delivered high single-digit volume growth in FY25 and volumes are projected to rise 3–4% year-on-year in Q1 FY26.
• Analysts point to elevated palm fatty acid distillate costs with uneven category demand as potential near-term headwinds for margins despite improved ROE, ROCE and working-capital metrics.