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Hindustan Unilever shares settle nearly 2% lower after Q1 earnings

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By Press Trust of India (PTI)

1 min read | Updated on July 24, 2024, 20:20 IST

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SUMMARY

The share price of Hindustan Unilever Ltd (HUL) on Wednesday ended at ₹2,716.80, down 1.80% on the BSE. During the day, it went lower by 3.33% to ₹2,674.10.

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HINDUNILVR
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The company's market valuation eroded by ₹11,677.47 crore to ₹6,38,336.95 crore.

The company's market valuation eroded by ₹11,677.47 crore to ₹6,38,336.95 crore.

Shares of Hindustan Unilever Ltd (HUL) on Wednesday ended nearly 2% lower after the company reported just 2.2% rise in consolidated net profit at ₹ 2,612 crore for April-June FY25 impacted by price reductions.

The stock ended at ₹2,716.80, down 1.80% on the BSE. During the day, it went lower by 3.33% to ₹2,674.10.

At the NSE, it dipped 1.64% to settle at ₹2,720.95. During the day, shares of the company declined 3.29% to ₹ 2,675.10.

The company's market valuation eroded by ₹11,677.47 crore to ₹6,38,336.95 crore.

The FMCG major had posted a net profit of ₹ 2,556 crore in June quarter FY24, according to a regulatory filing from HUL on Tuesday.

Revenue from sales of products in the quarter was marginally up 1.68% to ₹15,497 crore as against ₹15,240 crore a year ago.

The company delivered a 4% volume growth during the quarter, according to an earning statement from HUL.

About The Author

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Press Trust of India (PTI) is India's premier news agency.

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