HUL rises and falls
By
Ruma Dubey
about 5 years ago
HUL posted a good set of numbers for Q3FY19, very much as expected by analysts. Its net profit for the quarter came in at Rs.1444 crore, up 9% (YoY), mainly on the back of strong volume growth. Revenue was up 12% at Rs.9357 crore. It reported a 10% jump in volumes.
HUL’s EBITDA came in at Rs.2046 crore, up 22% (YoY) while margins expanded from 19.6% to 21.4%.
The stock price initially reacted positively to this news with an over 1% rise at Rs.1768.65 and profit booking soon came in at this level; the stock is now in the red, going down over 1.2% to Rs.1728.65.