New Delhi:  Shares of Hindustan Unilever on Monday fell 5.5 per cent after it reported a 3.93 per cent decline in consolidated profit for the fourth quarter due to coronavirus crisis from mid-March.


COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The stock declined 5.47 per cent to Rs 2,075.40 on the BSE.


On the NSE, it tumbled 5.46 per cent to Rs 2,075. FMCG major Hindustan Unilever on Thursday reported a decline of 3.93 per cent in consolidated profit to Rs 1,512 crore for the fourth quarter, impacted by the coronavirus crisis from mid-March.


The company had posted a net profit of Rs 1,574 crore in the January-March period of the previous fiscal.


Sales during the quarter under review stood at Rs 9,055 crore, down 9.61 per cent from Rs 10,018 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.


"The spread of COVID-19 impacted the business from mid-March, which culminated into scaling down of operations post the national lockdown. Domestic Consumer Growth declined by 9 per cent with a decline of 7 per cent in underlying volume growth. Reported EBITDA margin reduced by 40 bps," said HUL.


Domestic equity markets were closed on Friday for 'Maharashtra Day'.