“Bullish on Hindustan Unilever (HUL), maintaining a 'Buy' rating but cutting its price target to ₹2,450. The brokerage notes HUL's strategy for 'New India' is shifting to sharper, segment-led growth, driven by premiumisation, category creation, and deeper distribution, supported by AI-led execution and a self-funded reinvestment cycle. Management remains constructive on FY27 growth, with medium-term margin guidance modestly widened to 22-24%.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%