HUL shares fall nearly 3% to Rs 1,526 after Q2 results; market cap drops by Rs 9,101 cr
Hindustan Unilever (HUL) was the worst hit among the 30-Sensex components
New Delhi: Shares of Hindustan Unilever Ltd (HUL) on Monday fell by nearly 3 percent even as the FMCG major reported a 19.51 percent increase in net profit for the September 2018 quarter.
The scrip ended 2.68 percent lower at Rs 1,526.60 on the BSE. During the day, it tanked 4.35 percent to Rs 1,500.40.
The stock was the worst hit among the 30-Sensex components.
On the NSE, shares of the company fell by 2.48 percent to settle at Rs 1,530.55.
The company's market valuation tumbled Rs 9,101.69 crore to Rs 3,30,455.31 crore on the BSE.
In terms of the equity volume, 2.92 lakh shares of the company were traded on the BSE and over 39 lakh shares changed hands on the NSE during the day.
HUL on Friday reported a 19.51 percent increase in net profit to Rs 1,525 crore for the September 2018 quarter on account of double digit growth across the categories.
The company had posted a net profit of Rs 1,276 crore during the same period last fiscal.
Sales during the quarter under review stood at Rs 9,138 crore as against Rs 8,199 crore in the year-ago period, up 11.45 percent, HUL said in a regulatory filing.
More headache for Unilever? HUL warns of weak consumer spending, shares slide
Hindustan Unilever , controlled by consumer goods giant Unilever, warned India's consumer spending will remain weak as the economy sags after its own profit rose 8 percent on robust sales of soaps and detergents.<br />
HUL shares down after Unilever warns of slow India sales
Shares of Hindustan Unilever fell today after investors turned bearish on the stock as parent Unilever warned on Monday that a slowdown in emerging markets accelerated in the July-September quarter.<br /><br />
HUL net profit rises 13.8% to Rs 1,538 cr in March quarter, sales up 9% to Rs 9,809 cr
FMCG major Hindustan Unilever (HUL) on Thursday reported a 13.84 percent increase in its net profit to Rs 1,538 crore for the quarter ended 31 March