“Bullish on Hindustan Unilever (HUL), maintaining a 'Buy' rating with a price target of ₹2,440. The brokerage highlights HUL’s volume-led growth strategy, with consumption and premiumisation, market-making, and new spaces driving growth. While overall guidance remains unchanged apart from a wider margin band, HSBC believes a clearer FY27 guidance could have boosted investor sentiment and expects a performance pick-up in coming quarters to drive the stock.”