ICICI Securities keeps Hold on Hindustan Unilever stock at INR 2,195 target

Published on 10/20/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 revenue rose 10.1 percent to INR 173,410 million. Hindustan Unilever stock has October 28 results and 22.5-23.5 percent margin guidance.

Analyst view and results date

ICICI Securities retained a Hold rating and set an INR 2,195 target on July 29, 2026.
Q1 FY27 revenue rose 10.1 percent to INR 173,410 million, while reported profit fell 2.2 percent.
Hindustan Unilever will release September-quarter results on October 28, 2026.

Hindustan Unilever, INE030A01027, Illustration mit AI erstellt.

ICICI Securities retained a Hold rating on Hindustan Unilever stock and set a target of INR 2,195 in a report dated July 29, 2026, according to DSIJ. The broker cited Q1 FY27 revenue of INR 173,410 million, up 10.1 percent year over year, while reported profit after tax fell 2.2 percent to INR 26,800 million because of exceptional items.

Growth meets commodity pressure

Hindustan Unilever's Q1 FY27 operating profit increased 8.4 percent year over year to INR 39,470 million, while adjusted profit after tax rose 9.3 percent to INR 27,310 million. The company recorded 5 percent volume growth and 5 percent realization growth during the quarter, but raw-material cost inflation reached 10 percent, according to DSIJ.

What does 22.5-23.5 percent mean?

Management retained its FY27 EBITDA margin guidance at 22.5-23.5 percent. That range matters because the Q1 FY27 EBITDA margin was 22.8 percent, while gross margin fell 79 basis points year over year as commodity costs increased, according to DSIJ.

Three dated milestones

On March 31, 2026, the fiscal year ended with turnover of INR 637,630 million, as stated on the Hindustan Unilever website. On July 28, 2026, the company reported Q1 FY27 revenue of INR 173,410 million and reported profit after tax of INR 26,800 million, according to AlfaFinder. On October 7, 2026, the board meeting for the next results was announced for October 28, 2026.

Next date is October 28

Hindustan Unilever will release its September-quarter 2026 results on October 28, 2026, and hold a webcast at 4:00 p.m. India time, according to the company's investor-relations page. The board will also consider an interim dividend, as reported by NDTV Profit on October 7, 2026.

Business scale remains visible

The company operates across home care, beauty and wellbeing, personal care, foods and refreshments. Its fiscal year 2025-26 turnover was INR 637,630 million, providing the latest full-year scale against which the September-quarter results will be judged.