Hindustan Unilever Ltd Q1 benefits flat; stock low around 3%

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Mumbai: According to currently report by FMCG major Hindustan Unilever Ltd, the standalone exact profit around of Rs 1059.14 crore, grow only slightly at 0.22% compared to the Rs 1,056.85 crore recorded in the same period last year.

The company’s net sales jumped around 5.32% to Rs 7,973.37 crore in the quarter under review as opposite Rs 7,570.78 crore before a year, the company said in a BSE filing.

Harish Manwani who is presently chairman of Hindustan Unilever Ltd said: “In a controlled market environment, the business delivered another quarter of healthy volume led growth and strong improvement in operating margin.

” he said in further statements : “With the near-term outlook dependent on pickup in rural markets and commodity costs expected to remain benign with little or no price growth across select categories, our impress will be to drive market development and together deliver cost features to sustain beneficence volume led growth.”

Overall expenses during the quarter stood at Rs 6,673.63 crore, as opposite Rs 6,466.52 crore in the same period last year.
At 1511 hours, the company’s description was trading down 2.68% at around Rs 888.30 per share.

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