May 6, 2019 / 6:53 AM / 7 months ago

BUZZ-India's Hindustan Unilever slips on Q4 profit miss

** Consumer goods company Hindustan Unilever Ltd falls as much as 2.2 pct to 1,656 rupees - lowest since April 5

** Co, which owns brands such as Dove, Surf excel and Lakme, posted a 13.8 pct jump in March-qtr profit on Friday, but missed Street estimates

** Jefferies says results were better than peers but not good enough; raises PT to 1,820 rupees from 1,770 rupees, keeps “hold” rating

** On absolute basis, valuations are rich and leave limited upside in context of slowing rural demand and the margin expansion story having largely played out - Jefferies

** ICICI Securities says medium-term demand outlook remains stable; Q1 FY20 will likely see continued volume deceleration

** ICICI Securities cuts earnings estimates by 5 pct building in slowdown in growth trajectory; cuts PT to 1,750 rupees from 1,800 rupees, maintains “hold” rating

** Stock down nearly 7 pct this year as of last close

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