FMCG Stock to Buy, Hindustan Unilever Share Price : Amid the decline in the stock market, shares of FMCG sector giant Hindustan Unilever (HUL) are also seeing a decline. The stock fell by more than 7 percent on the BSE to a low of Rs 2,487.45. The company has released the results of the September quarter. In which HUL has seen a weak performance. However, HUL has declared a total interim dividend of Rs 29 per share. Which is a bit of relief news. Along with this, the leading global brokerage Investec has also increased the target price of HUL Stock. So let's know about it in detail...

What is the price target of Hul in 2024: Brokerage opinion on HUL?

Brokerage house Investec in its report has maintained a HOLD rating on HUL and raised the target from Rs 2797 to Rs 2837. The brokerage says that the stock is showing lower growth than expected. The company's lack of margin expansion as well as no clear signs of increase in industry demand suggest that volume growth for HUL will not exceed 4-5% in the near future. The brokerage believes that the 9% income CAGR and modest COL growth scenario do not require a reconsideration of their rating at present.

HUL Dividend 2024: How much dividend will you get in HUL?

Hindustan Unilever has announced an interim dividend and special dividend. For the financial year 2024-25, the company has declared a total interim dividend of Rs 29 per share. HUL has declared a total interim dividend of Rs 29 per equity share with a face value of Rs 1 for the financial year ending March 31, 2025. This includes a regular interim dividend of Rs 19 and a special dividend of Rs 10 per equity share.

HUL Dividend 2024 Record Date, Payment Date: HUL Dividend Payment Date

The record date for Hindustan Unilever's dividend has been fixed as 6 November 2024. At the same time, the payment of dividends to the shareholders will be done by 21 November 2024. The record date has been fixed as Wednesday, 6 November 2024 and the dividend will be paid to the shareholders on 21 November 2024.

Hindustan Unilever Q2 FY25 Results

Hindustan Unilever Limited (HUL)'s standalone net profit for the second quarter ended September of the current financial year has declined by 2.33 percent to Rs 2,595 crore. HUL's performance has been affected by the low demand from the urban market. In the same quarter a year ago, it had earned a net profit of Rs 2,657 crore. However, the revenue from the sale of products in the period under review increased by 2.36 percent to Rs 15,703 crore. The company's sales revenue was Rs 15,340 crore in the same period a year ago. HUL has popular brands like Surf, Rin, Lux, Ponds, Lifebuoy, Lakme, Brooke Bond, Lipton, and Horlicks.

Hindustan Unilever Share Return History

• The company's shares have fallen by more than 8 percent in the last one week and more than 14 percent in a month.
• There has been an increase of 11 percent in the last 6 months.
• Over the last one year, two years, and three years, the stock has remained flat, trading in the range of 1-2 percent.
• In the last five years, the return has been only 17 percent.
• The 52-week high level is Rs 3,034.50 and the 52-week low level is Rs 2170.25.
• HUL Market Cap - Rs 5,85,529.89 crore