The Hindu·3 min read·medium
HUL shares plummets 7% as Q1 PAT falls 3% to ₹2,673 crore
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The Hindu Bureau
✦AI Summary
Hindustan Unilever Ltd (HUL) shares fell 7% after the company reported a 3% decline in Q1 net profit due to one-off tax credits from the previous year. Despite the profit dip, the company achieved its highest revenue growth in 13 quarters, driven by volume increases and price adjustments.
Shares of Hindustan Unilever Ltd, (HUL) India’s largest FMCG company, on Wednesday plunged 7% on the Bombay Stock Exchange (BSE) as the company’s quarterly results fell short of investors’ expectations, even as it saw higher revenues.
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