HUL shares tumble nearly 5% as Q2 results disappoint. Should you buy, sell or hold?
Hindustan Unilever (HUL) fell by 5% to the day’s low of Rs 2,533 on the BSE after reporting a 4% decline in its standalone net profit for the quarter ended September 2024, which reached Rs 2,612 crore, compared to Rs 2,717 crore posted in the same period last year.
HUL reported revenue from operations of Rs 15,319 crore, up 2% from Rs 15,027 crore in the corresponding quarter of the previous financial year.
The company has declared a total interim dividend of Rs 29 per equity share, with the record date set for November 6.
The PAT and revenue figures were below ETNOW poll estimates of Rs 2,657 crore and Rs 15,792 crore, respectively.
Post the Q2 results, here is what analysts say:
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