Shares of FMCG main Hindustan Unilever Ltd (HUL) on Thursday tumbled almost 6 per cent after the agency reported a 2.33 per cent decline in consolidated web revenue for the second quarter resulted in September.
The inventory tanked 5.78 per cent to ₹2,504.15 on the BSE.
On the NSE, it plunged 5.86 per cent to ₹2,503.25.
The inventory emerged as the most important laggard among the many Sensex and Nifty corporations throughout the morning commerce.
Hindustan Unilever Ltd on Wednesday reported a 2.33 per cent decline in consolidated web revenue at ₹2,595 crore for the second quarter resulted in September 2024, impacted by moderation in demand from the city market.
The corporate had logged a web revenue of ₹2,657 crore within the July-September quarter a 12 months in the past, HUL stated in a regulatory submitting.
Nonetheless, income from product gross sales was up 2.36 per cent at Rs 15,703 crore within the September quarter, from Rs 15,340 crore within the year-ago interval, HUL which owns energy manufacturers reminiscent of Surf, Rin, Lux, Pond’s, Lifebuoy, Lakmé, Brooke Bond, Lipton and Horlicks stated.
“Within the September quarter, FMCG demand witnessed moderating development in city markets, whereas rural continued to get better step by step. On this context, we delivered a aggressive and worthwhile efficiency,” HUL CEO and Managing Director Rohit Jawa stated.
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