Hindustan Unilever lost 5.22% to Rs 893.30 in volatile trade after the company declared Q3 December 2014 result during market hours today, 19 January 2015.
Meanwhile, the S&P BSE Sensex was up 146.54 points or 0.52% at 28,268.43On BSE, 7.78 lakh shares were traded in the counter as against average daily volume of 1.08 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 0.64% at the day's high of Rs 948.50, which is a record high for the counter. The stock fell as much as 6.06% at the day's low of Rs 885.25. The stock had hit a 52-week low of Rs 542 on 3 March 2014.
The stock had outperformed the market over the past one month till 16 January 2015, advancing 22.71% compared with Sensex's 5.01% rise. The scrip had also outperformed the market in past one quarter, jumping 29.01% as against Sensex's 8.16% rise.
The large-cap company has equity capital of Rs 216.32 crore. Face value per share is Re 1.
Hindustan Unilever (HUL) reported 17.87% rise in net profit to Rs 1252.17 crore on 7.17% growth in total income to Rs 7894.39 crore in Q3 December 2014 over Q3 December 2013. Operating profit (profit from operations before other income, finance costs and exceptional items) rose 8.3% to Rs 1258.42 crore in Q3 December 2014 over Q3 December 2013. Net sales rose 7.7% to Rs 7579.18 crore in Q3 December 2014 over Q3 December 2013 with domestic consumer business (FMCG + water) rising 7.6% in Q3 December 2014 over Q3 December 2013.
HUL said that bottom line was boosted by exceptional items, net credit including profit on sale of surplus properties Rs 407.29 crore in Q3 December 2014 as compared to Rs 28.10 crore in Q3 December 2013.
HUL said that the domestic consumer business grew at 8% in Q3 December 2014, ahead of market, with 3% underlying volume growth.
HUL said that input costs were benign, led by crude and this has started to reflect in the lower cost of goods sold. Brand investments were sustained at competitive levels across all segments even as competitive intensity stepped up in the commodity linked categories, HUL said.
Harish Manwani, Chairman commented: We have delivered another quarter of competitive growth and margin improvement. We continue to strengthen the core of our business and drive the competitiveness of our brands in the market. At the same time, we are leading market development in relatively nascent categories such as packaged foods and premium personal care with strong results. Given the fast changing external environment, we are managing our business dynamically for sustained volume led growth and margin improvement.
Hindustan Unilever is India's largest fast moving consumer goods (FMCG) company.
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