HUL shares feel the earnings heat, down over 2%

Shares of FMCG major Hindustan Unilever (HUL) fell by over 2 percent as the company's stand-alone net profit remained flat at Rs 1,059.14 crore for the first quarter ended June 30, 2015.

Mumbai: Shares of FMCG major Hindustan Unilever (HUL) fell by over 2 percent as the company's stand-alone net profit remained flat at Rs 1,059.14 crore for the first quarter ended June 30, 2015.

The stock ended the day 2.34 percent lower at Rs 891.45 on BSE. During the day, it slipped 4.4 percent to Rs 872.55.

On NSE, HUL went down 2.38 percent to Rs 891.30.

In terms of volume, 5.64 lakh shares of the company were traded on BSE and over 49 lakh on NSE during the day.

Hindustan Unilever's stand-alone net profit came in flat at Rs 1,059.14 crore for the June quarter due to subdued demand in rural markets as against Rs 1,056.85 crore in the year-ago period.

Its net sales climbed 5.31 percent to Rs 7,973.37 crore in the quarter under review as against Rs 7,570.78 crore in a year ago, the company said in a BSE filing today.

Rural sales account for 35 percent of HUL's total sales.

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