Despite price cuts, HUL Q3 volume growth at 3%

This is lower than 4-5% number company saw in last three quarters

Hindustan Unilever's stellar run at the stock markets in the run-up to its third quarter results remained a non-event after the company declared its numbers today. Net sales grew 8% for the quarter to Rs 7,579 crore with under lying volume growth at 3%. This was  way below analysts estimates, who had pegged HUL's volume growth between 5-7% in the run-up to the results. HUL's run on the bourses over the last two weeks was led by this anticipation in volume recovery, which clearly couldn't be seen today. Net profit, in contrast, was better, growing 18% to Rs ...