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HUL Q2 Review: Dolat Capital Maintains 'Add' Rating — Check New Target Price
Dolat Capital remains confident about HUL's long-term premiumization strategy and believes that volume growth would improve in H2 FY26E.
24 Oct 2025, 09:45 AM IST 
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HUL's domestic revenue grew by a mere 0.5% due to the temporary impact of GST changes and extended monsoon conditions in parts of the country.(Photo: Vijay Sartape/ NDTV Profit)
In Q2, HUL’s majority portfolio gained market share. Beauty and wellbeing reported flat underlying volume growth, due to the temporary impact of GST rate rationalization. Personal care reported a high-single-digit decline in volume due to subdued performance in skin cleansing and oral care segments.
