Categories: Business

Hul surged more than 2% on a strong quarter of December

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.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago