HUL shares rally nearly 4% after Q1 beat; Goldman Sachs upgrades to ‘buy’

HUL Q1FY26 Results: Shares of Hindustan Unilever Ltd were trading higher on Friday, emerging among the top gainers on the Nifty 50 index. The stock was up 2.93 per cent at Rs 2,595 as of 10:19 am. 

HUL Q1FY26 results highlights

HUL’s Q1 results for June quarter was released on Thursday which beat market expectations with strong volume growth and steady margin performance. The stock, which opened strong, climbed as much as 8 per cent in early trade, marking one of its highest single-day gains in recent months.

For the year ending March 2025, the consolidated revenue of HUL rose to Rs 63,121 crore from Rs 61,896 crore in FY24. Net profit also improved to Rs 10,679 crore, up from Rs 10,286 crore a year earlier.

The Earnings Per Share (EPS) for FY25 increased to Rs 45.32, compared to Rs 43.74 in FY24.

Brokerages views on HUL

Here's how brokerages are rating the stock:

Goldman Sachs: Upgraded to Buy from Neutral; target raised to Rs 2,900 from Rs 2,400

JP Morgan: Maintains Overweight; target raised to Rs 2,800 from Rs 2,500

Jefferies: Maintains Buy; target raised to Rs 3,000 from Rs 2,950

Citi: Maintains Buy; target raised to Rs 2,900 from Rs 2,750

UBS: Maintains Buy; target raised to Rs 3,000 from Rs 2,800

Macquarie: Maintains Outperform; target at Rs 2,750

Morgan Stanley: Maintains Equalweight; target at Rs 2,335

CLSA: Maintains Reduce; target raised to Rs 1,966 from Rs 1,943