UBS upgrades India's Colgate Palmolive, Hindustan Unilever on FY26 growth prospects

Asian Paints

22/04/2025 07:06

** UBS upgrades Colgate Palmolive (India) COLG.NS to "buy" from "sell", raises PT by 38% to 3,100 rupees

** Brokerage upgrades Hindustan Unilever HLL.NS, ITC ITC.NS and Trent TREN.NS to "buy" from "neutral"

** Says Indian consumer stocks set to rebound on the back of 13% estimated earnings growth in FY2026, lower valuations, and defensive play in a turbulent market

** COLG rises 3.3% on the day, while HLL adds 1.1%

** UBS downgrades Asian Paints ASPN.NS and Jubilant Foodworks JUBI.NS to "sell" from "buy", Dabur India DABU.NS to "sell" from "neutral"

** Says even though the decorative paints industry is lucrative, it faces competition from new entrant Grasim Industries GRAS.NS, which may weigh on margins

** On JUBI, UBS says stock price factors in same-store sales growth turning positive

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))