Earnings impact: Hindustan Unilever drops 6%

The stock touched a low of Rs 225, down 6% from the day's high. The stock finally closed at Rs 226, down 3%. The counter saw a total of 720,742 shares being traded on the BSE today.
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(updated at 1010 hrs)

Hindustan Unilever today opened 2.5% up at Rs 239 after the company yesterday posted a 20% increase in profit for the March quarter, before a one time charge for retirement benefits and restructuring.

The stock however could not hold gains and has slipped into red to Rs 228, down 2%. The stock clocked a volume of 81,071 shares on the BSE so far.

 

The total income increased 5.1% to Rs 4,035 crore as against the Rs 3,839 crore in the corresponding quarter.

Net profit after the one time provision has increased over 3.5% to Rs 395 crore as against the Rs 381 crore in the previous year.

Click here to read more: Hind Unilever profit before exceptional items up 20 per cent