Shares of FMCG major Hindustan Unilever Ltd today fell by nearly 2 per cent after the company reported a decline of 2.62 per cent in its standalone net profit for the second quarter ended September 30.
The stock slipped 1.85 per cent to settle at Rs 797.40 on BSE. During the day, it fell by 2.98 per cent to Rs 788.15.
On the NSE, shares of the company went down by 1.93 per cent to Rs 797.20.
Following weakness in its stock price, HUL's market valuation fell by Rs 3,245.11 crore to Rs 1,72,546.89 crore.
HUL reported a decline of 2.62 per cent in its standalone net profit at Rs 962.24 crore for the second quarter ended September 30, 2015-16.
The company had posted net profit of Rs 988.16 crore in the July-September quarter of the 2014-15 fiscal.
HUL's net sales, however, climbed 4.74 per cent to Rs 7,819.64 crore during the quarter under review as against Rs 7,465.54 crore in the earlier quarter, the company said in a BSE filing.
