HUL Shares Jump 12% in 2 Days as Brokerages Hike Target Prices After Q1 Results

Hindustan Unilever Ltd (HUL) shares have seen a sharp rally of nearly 12% in just two trading sessions, after the FMCG major posted its Q1 FY26 results. The positive momentum was driven by upbeat commentary from global brokerages, especially Goldman Sachs, which has upgraded the stock and raised its price target.

What Triggered the Rally?

Goldman Sachs upgraded HUL from its earlier ‘Neutral’ rating to ‘Buy’ and raised the target price to ₹2,900 per share, citing an expected turnaround in the company’s performance.

According to a note cited by CNBC-TV18, Goldman Sachs said HUL is benefiting from a combination of favourable macroeconomic factors and internal strategic initiatives. The brokerage expects HUL’s revenue growth to accelerate to high-single-digit levels by the second half of FY26 and into FY27.

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HUL Stock Performance

On Thursday morning, HUL stock hit an intraday high of ₹2,727, before trimming gains to trade 2% higher at ₹2,578 apiece on the NSE.

This surge comes after the company’s Q1 results signaled stabilizing volumes and improving margins, which aligned with expectations of better performance in the second half of the financial year.

Brokerage Views Post-Q1

• Goldman Sachs: Upgraded to Buy, target ₹2,900

• Other brokerages also echoed optimism, citing signs of recovery in rural demand and premium product traction

• Positive commentary around margin improvement and product mix has added to investor confidence

Should You Buy, Sell, or Hold?

The stock’s sharp rise has prompted investors to consider next steps. With major brokerages like Goldman Sachs turning bullish and raising earnings growth forecasts, sentiment around HUL has improved since Q1.

While the company’s near-term growth remains moderate, the expectation of stronger demand in FY26–27 is providing support to valuations. However, investors are advised to evaluate their risk appetite and investment horizon before making decisions.

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