HUL shares up over 3% post Q4 results

Stocks of HUL today gained over 3 per cent after the company reported a 16.73 per cent increase in standalone net profit for the fourth quarter ended March 31.
The FMCG major's scrip settled 3.34 per cent higher at Rs 894.60 on the BSE. During the day, it surged 4.73 per cent to Rs 906.65.
On the NSE, it ended at Rs 895.20, up 3.34 per cent from its previous close.
On the volume front, 6.54 lakh shares were traded at the NSE during the day and over 52 lakh shares were traded at the NSE during the day.
"HUL rose by 4.7 per cent in the day after it reported a 17 per cent rise in net profit year on year," said Hiren Dhakan, Associate Fund manager, Bonanza Portfolio Ltd.

HUL today reported 16.73 per cent increase in standalone net profit at Rs 1,018.08 crore, aided by income from sale of properties, for the fourth quarter ended March 31, while it continued to face headwinds.

The FMCG major had posted profit of Rs 872.13 crore in the January-March quarter of 2013-14.
HUL's net sales climbed to Rs 7,555 crore in the quarter under review, compared with Rs 6,935.82 crore a year earlier, up 8.92 per cent, the company said in a BSE filing.
The company reported exceptional income of Rs 170.40 crore from sale of properties in the fourth quarter of 2014-15 fiscal.

Hindustan Unilever Ltd Chairman Harish Manwani said: "We have delivered another year of strong performance with broad based growth ahead of the market and sustained margin improvement."
In the stock market, the Sensex zoomed 506.28 points to end at 27,105.39.