HUL may see short-term blip in demand, volume growth expected at 8% for Q4FY19: Motilal Oswal
Updated : March 18, 2019 02:04 PM IST
The brokerage maintains a 'buy' rating on the stock with a target price of Rs 2,125 per share.
"There could be a temporary blip in Q4FY19 demand. Material cost outlook will remain benign along with ad intensity," Motilal Oswal said.
With benefits on the demand front due to the budget coming through in FY20, volume growth forecast is 7.5 percent for FY20/21, it added.