Motilal Oswal Sees Upside in HUL

Shares of Hindustan Unilever Limited (HUL) may see strong growth over the next year, according to brokerage firm Motilal Oswal.

The brokerage has projected that HUL’s stock could rise by nearly 18%, with a target price of Rs 2,650 within the next 12 months.

Motilal Oswal’s positive outlook comes after HUL reported strong financial results for the fourth quarter of the financial year.

The company recorded a 21% increase in net profit during the March 2026 quarter, with profit rising to Rs 2,994 crore compared to Rs 2,475 crore during the same period last year.

HUL’s revenue from its core product sales business also grew by 8.1%, reaching Rs 16,172 crore, up from Rs 14,955 crore a year earlier.

According to analysts, HUL’s strong performance was supported by better product demand, GST-related benefits, and multiple company initiatives aimed at improving its product portfolio and sales channels.

The company’s underlying volume growth in Q4 stood at 6% year-on-year, marking its highest level in the past 15 quarters.

Motilal Oswal also highlighted HUL’s growing focus on strengthening its omnichannel strategy, which combines both online and offline sales channels to improve customer reach.

Additionally, HUL has announced a major capital expenditure plan of Rs 2,000 crore. This investment will focus on expanding premium and fast-growing product categories, which are expected to drive future growth.

The company remains optimistic about delivering even stronger performance in FY27 compared to FY26.

Based on these factors, Motilal Oswal has maintained its “Buy” rating on HUL shares, expressing confidence in the company’s long-term business strategy and growth potential.