Hindustan Unilever up; Street upbeat on report of Minimalist acquisition

Britannia Industries

09/01/2025 07:24

** Shares of Hindustan Unilever  HLL.NS  rise 2.3% to 2,456
rupees, on track for best day in over a  month
    ** Stock top pct gainer on Nifty 50 Index  .NSEI , which is
down 0.46%
    ** The consumer goods major is in talks to acquire skincare
brand Minimalist at a valuation of 30 bln rupees ($349.4 mln),
Business Standard had reported
    ** With 100% own capacity and differentiated approach to
address skin and hair care needs, Minimalist targets revenue of
10 bln rupees in coming 3 years - Emkay Research
    ** If deal materialises, HLL will have opportunity to
enhance its play in beauty care and gain higher consumer base -
brokerage
    ** Emkay reiterates "buy" rating and TP of 2,675 rupees on
HLL
    ** HLL rated "buy" on avg, same as rivals Dabur India
 DABU.NS  and Marico  MRCO.NS ; Nestle India  NEST.NS  and
Britannia Industries  BRIT.NS  rated "hold"- LSEG data
    ** Stock fell 12.3% in 2024 vs a 0.33% fall in Nifty FMCG
Index  .NIFTYFMCG  


($1 = 85.8690 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))