# BNP Paribas trimmed target prices for 10 consumer stocks, including ITC Ltd, Dabur India Ltd, Hindustan Unilever Ltd (HUL) and Godrej Consumer Products Ltd. It raised its target for jewellery maker Titan Company Ltd.

*business · news · 2026-04-14 · Business Today*

## Key points

- BNP Paribas trimmed target prices for 10 consumer stocks by 3-19 percent.
- HUL was downgraded due to lagging growth and higher cost inflation, while Marico was upgraded.
- BNP Paribas shifted valuation multiples to 1SD below last decade average for crude-exposed companies.
- Staples sector valuations are now at decade lows after a sharp de-rating, changing the investment thesis.
- BNP Paribas' FY27 earnings estimates for staples are now below consensus due to higher commodity costs.

**Companies:** ITC Ltd, Dabur India Ltd, Hindustan Unilever Ltd, Godrej Consumer Products Ltd, Titan Company Ltd, Britannia Industries, Marico, Jubilant Foodworks Ltd, DOMS Industries
**Countries:** India

[Read the full story on Business Today](https://www.businesstoday.in/markets/stocks/story/10-consumer-stocks-see-3-19-target-cuts-one-raised-by-bnp-paribas-any-guesses-525481-2026-04-14)

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