HUL faces ongoing premiumization opportunity from rising Indian middle class but rural demand has been sluggish, gross margin pressure from palm oil costs, and emerging D2C/digital-native brand competition in personal care. Valuation at 55x earnings prices in flawless execution. Solid defensive but not a growth story at this multiple.
Thesis reviewed May 29, 2026
Hindustan Unilever Ltd is headquartered in India, which is currently showing moderate signals.
๐ฎ๐ณIndia48AVOIDView India risk detail โ๐Consumer29NEUTRAL| Ticker | Company | Score | Gap | Signal ฮ | Action |
|---|---|---|---|---|---|
| JD | JD.com Inc | 34 | +13% | โ2% | EARLY |
| NIO | NIO Inc | 34 | -10% | โ2% | AVOID |
| LI | Li Auto Inc | 34 | +7% | โ2% | NEUTRAL |
| BTI | British American Tobacco PLC | 34 | +14% | โ2% | EARLY |
| DEO | Diageo PLC | 34 | +8% | โ2% | NEUTRAL |
| RACE | Ferrari NV | 34 | +17% | โ2% | EARLY |
| TM | Toyota Motor Corporation | 34 | +12% | โ2% | EARLY |
Investors who hold HLNSF may also have indirect exposure through these country funds.
HUL Q3 volume growth +3%; rural recovery still nascent
Palm oil price spike pressures soaps and personal care margins
Ice cream business demerger plan announced; ~Rs 6,000 cr value unlock