New Delhi: Hindustan shares Unilever Ltd opposed market trends that were turned off and jumped more than 2 percent in morning trade on Friday after FMCG Major reported strong December quarter income.
In BSE, the stock opened at Rs 2,282.00, then jumped 2.42 percent and touched the start of Rs 2,316.40 in the initial transaction.
It was then traded at Rs 2,306.10, up 1.97 percent.
On the NSE, the stock was opened at Rs 2,264.80, then touched the height of Rs 2,308.70, registering a 2.07 percent profit during the last closing.
On Thursday, Hindustan Unilever Ltd.
reported an increase in net profit of 18.68 percent to Rs 2,300 Crore for the third quarter which ended December 2021.
The company had recorded a net profit of 1,938 crore at the October fiscal period.
“Hul delivered a formidable performance both on income and margins in front of headwinds for rural demand and persistent material cost inflation.” While the volume growth looks soft at 2 percent, it’s far ahead of industrial growth, which sees a decline.
The increase in margins even though the pressure of gross margins was commend, “Securities said in a research record.
The income from sales during the quarter of the review reached Rs 13,196 Crore, up 10.25 percent, against RS 11,969 Crore in the same period last year, Hindustan Unilever Ltd.
Hun) said in the submission of regulations.
Hul’s total expenditure was at the 10,329 crore at Q3 FY 2021-22, up 8.18 percent from the previous RS 9,548 Crore.
“Business fundamentals remain strong with handsome market share benefits at all.
Division, both urban and rural markets and cross segment prices.
The underlying volume growth is significantly 2 percent in front of the market, “Hul said in post-income statements.