Stocks down 1.94% to Rs2,215.25 on BSE, 1.99% to Rs2,215.10 on NSE
New Delhi: Shares of Hindustan Unilever on Thursday dipped 2 per cent after the company reported a 1.53 per cent decline in consolidated net profit for the fourth quarter ended March 31, 2024.
The company’s stock declined 1.94 per cent to Rs2,215.25 on the BSE.
At the NSE, it went lower by 1.99 per cent to Rs2,215.10 apiece.
FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit at Rs2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices.
The company had posted a net profit of Rs2,601 crore in the year-ago period, HUL said in a regulatory filing.
Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs15,013 crore in the March quarter.
While HUL’s total expenses were up 1.15 per cent to Rs12,100 crore in the March quarter from Rs11,962 crore a year ago.
The total income of HUL during the fourth quarter of the previous fiscal was flat at Rs15,441 crore, as against Rs15,375 crore a year ago.
