Hindustan Unilever (HUL) is India’s largest FMCG company with a dominant portfolio in personal care, home care, and foods. As of early November 2025, the stock trades around ₹2,414 per share, giving it a market capitalisation in the neighborhood of ₹5.68 trillion — a large, cash-generative franchise with steep brand moats.
To produce price forecasts, we use a simple and transparent method: assume future share-price growth broadly tracks sustainable earnings (EPS) growth and that valuation multiples remain broadly stable. We set three CAGR scenarios to capture plausible outcomes for a mature FMCG leader like HUL:
Start price (snapshot): ₹2,414 (Nov 2025).
Formula used: Future Price = Current Price × (1 + CAGR)^n
(n = years from 2025 to target year)
Conservative (5% p.a.)
Base (7% p.a.) — our mid scenario
Optimistic (9% p.a.)
These projections show how modest differences in CAGR compound substantially over multi-decade horizons. The base case (7%) produces mid-thousands by 2035 and a large nominal number by 2050, reflecting long-term compounding on a blue-chip base.
Applying the same growth factors to the current market cap (~₹5.687 trillion) gives a sense of scale:
HUL remains highly profitable with consistent margins and industry-leading returns. FY2024-25 consolidated revenue is about ₹64,100–64,243 crore, with annual net profit near ₹10,600 crore (consolidated/base-year figures), reflecting slow but resilient top-line growth and margin resilience amid commodity cost pressure.
Return on equity (ROE) has been very healthy — around 20–21% in recent annual reports — showing excellent capital efficiency for an FMCG leader. That high ROE supports the plausibility of sustaining mid-single-digit earnings growth while returning cash to shareholders.
Hindustan Unilever is a low-risk, high-quality consumer franchise. Using defensible CAGR bands (5–9% p.a.) and a clear compounding framework produces a reasonable range of outcomes: by 2030 the stock could plausibly trade between ~₹3,080–₹3,714, and by 2035 between ~₹3,930–₹5,715, depending on execution and macro tailwinds. Over very long horizons (to 2050) small differences in CAGR create very large nominal gaps — underscoring the power of compounding for a stable, high-ROE business.
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