Review
HINDUSTAN UNILEVER
{Ticker : 500696 { FV: Rs. 1 { 52-Week H/L: Rs. 2324.45/1649.70
We had previously recommended Hindustan Unilever Limited in vol. 36, no. 21, dated March 16, 2020, when the scrip was trading at Rs 2,059.35 and was recommended based on the revival of demand in rural markets. The company engaged in FMCG, manufactures branded and packaged consumer products such as soap, detergent, personal care products and processed food. On a consolidated quarterly front, the net sales grew by 3.87 per cent for the quarter-ended December 2019 to Rs 9,953 crore from Rs 9,582 crore in the same period for the previous fiscal year. The company reported an operating profit of Rs 2,259 crore in Q3FY20, up by 15.49 per cent from Rs 1,956 crore reported in Q3FY19. Similarly, the net profit increased by 12.95 per cent from Rs 1,444 crore in Q3FY19 to Rs 1,631 crore in Q3FY20. Based on the company’s outreach and growth performance, we hereby, recommend to BOOK PROFIT on March 26, 2020 at Rs 2,250 with a gain of 9.26 per cent.