[ad_1]
Hindustan Unilever shares face selling pressure after Q3 results
HUL shares continue to struggle below the flatline, having fallen by as much as Rs 110.2 or 4.2 per cent to Rs 2,540.1 apiece earlier in the day. After market hours on Thursday, the FMCG giant reported net profit to Rs 2,505 crore for the quarter ended December 2022 and revenue of Rs 15,228 crore. Growth in its sales volume came in at five per cent.
The earnings met analysts’ expectations.
According to Zee Business research, HUL’s quarterly net profit was estimated at Rs 2,495 crore and revenue at Rs 15,000 crore, with volume growth of four per cent. (Read more on HUL shares)
[ad_2]
Source link