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HUL shares decline by over 2% post Q3 earnings

Shares of FMCG major HUL fell by over 2 per cent as the company’s third quarter earnings failed to cheer investors.

After a weak opening, shares of the company further went down by 2.34 per cent to Rs 843.

On NSE, it fell by 2.35 per cent to Rs 842.10.

HUL yesterday reported 6.82 per cent increase in standalone net profit to Rs 1,037.93 crore for the third quarter of current fiscal on account of strong exceptional income.

Hindustan Unilever Ltd (HUL) had posted net profit of Rs 971.66 crore in the October-December quarter of last fiscal.

Its exceptional income in the third quarter of 2016-17 was Rs 153.05 crore as against Rs 79.61 crore it had incurred in the same period of 2015-16.

Its total income from operations declined 0.79 per cent to Rs 8,317.94 crore in the quarter under review, compared with Rs 8,384.68 crore in the same period of last fiscal, the company said in a BSE filing.

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