HUL shares down over 3% post Q4 earnings

Written by PTI | Mumbai | Updated: Apr 29 2014, 23:51pm hrs
Shares of FMCG firm Hindustan Unilever Ltd today fell by over 3 per cent following disappointment over profit growth in the March ended quarter.

HUL's stock ended the day 3.01 per cent lower at Rs 563.15 on the BSE Sensex. During the day, the scrip lost 3.34 per cent to Rs 561.20.

At the NSE Nifty, the stock settled with a loss of 3.36 per cent at Rs 561.50.

"For Q4 FY14 HUL's bottom-line performance was below estimates," said V Srinivasan, Research Analyst - FMGC, Angel Broking.

HUL yesterday reported 11 per cent rise in net profit at Rs 872 crore for the January-March quarter on improved margins and 9 per cent spike in sales led by beverages and premium segments.

For the full fiscal 2013-14, HUL's net profit rose to Rs 3,955 crore from Rs 3,839 crore, while total sales jumped to Rs 28,539 crore up 8.7 per cent from Rs 26,317 crore.

Net sales climbed 8.9 per cent to Rs 6,935.82 crore in the fourth quarter, from Rs 6,367.14 crore a year ago. Overall expenses in Q4 stood at Rs 6,082.32 crore, as against Rs 5,555.46 crore in the year-ago period.