Analysts see 20% upside in this FMCG stock on strong outlook, product mix

Hindustan Unilever's (HUL's) focus on cost saving and superior products would lead to moderate margin expansion, say analysts

After rallying over 20 per cent since the beginning of August to hit a new high last Monday, twice the 10 per cent rise in the benchmark Sensex, shares of Hindustan Unilever (HUL) have taken a breather. Analysts, however, are bullish and expect the stock to rise further. While many see at least a single-digit rise, some are predicting up to 20 per cent gains from current levels of Rs 2,785, deriving comfort from the company’s long-term growth strategies, along with increase in prices to protect margins.
 
That said, a scale back of 180-230 basis points (bps) in the