HUL slides as Unilever's Q3 results disappoint investors

Hindustan Unilever lost 2.27% to Rs 856.20 at 14:44 IST on BSE after the company's parent Unilever Plc today, 13 October 2016 reported a disappointing revenue growth in Q3 September 2016 over Q3 September 2015.

Meanwhile, the S&P BSE Sensex was down 467.10 points or 1.66% at 27,615.24.

On BSE, so far 63,000 shares were traded in the counter as against average daily volume of 1.25 lakh shares in the past one quarter. The stock hit a high of Rs 880 and a low of Rs 853.50 so far during the day. The stock had hit a 52-week high of Rs 954 on 9 September 2016. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had underperformed the market over the past one month till 10 October 2016, sliding 5.82% compared with 2.48% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 4.8% as against Sensex's 3.52% rise.

The large-cap company has equity capital of Rs 216.43 crore. Face value per share is Rs 1.

Unilever posted an underlying sales growth of 3.2% in Q3 September 2016 over Q3 September 2015. Volumes declined 0.4% during this period. Sales increased by 3.4% at constant exchange rates while turnover, which is at current rates, declined 0.1% in Q3 September 2016 over Q3 September 2015. Consumer demand remained weak and in the markets in which Unilever operates volumes have slowed further and are flat in aggregate, the company said. This is particularly the case in Latin America where currency devaluation has pushed up the cost of living of its consumers, squeezing disposable incomes, it added.

Unilever holds 58.32% stake in Hindustan Unilever (HUL) as per the shareholding pattern as on 30 September 2016.

HUL's net profit rose 9.8% to Rs 1173.90 crore on 3.6% growth in net sales to Rs 7987.74 crore in Q1 June 2016 over Q1 June 2015.

HUL is a leading fast moving consumer goods (FMCG) company.

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