HUL Slumps Over 6%

Mumbai: Shares of Hindustan Unilever Ltd (HUL) fell over 6 per cent on Thursday following the company’s reported weak performance in the September quarter. At 1.08 p.m., HUL shares were at Rs 2,485, down 6.67 per cent. Axis Securities said that although the company’s overall Q2FY25 results missed our estimates on all fronts, it remains committed to premiumisation through continuous innovation, helping it gain market share. The brokerage firm reduced its target price to Rs2,920 per share from Rs 3,030 per share earlier. HUL’s standalone net profit for Q2 FY25 dropped by 4 per cent to Rs 2,612 crore, down from Rs 2,717 crore reported in the same period last year. However, the revenue from operations was up 2 per cent to Rs 15,319 crore, compared to Rs 15,027 crore in the same quarter of the last financial year.