Hindustan Unilever (HUL) is trading lower by nearly 4% at Rs 684, after its parent firm Unilever said that growth is slowing in emerging markets, as macro-economic headwinds influence consumer behavior.
The stock opened at Rs 711 and hit a low of Rs 683 in noon deals on BSE. A combined 1.3 million shares have changed hands on the counter till 1159 hours on BSE and NSE.
Meanwhile, Angle-Dutch consumer goods company Unilever, reported underlying sales growth of 5% for the quarter ended June 30, 2013.
Unilever said that the strong sales growth in the quarter was driven by healthy volume growth.
“We saw particularly good performances in Indonesia, Vietnam, Pakistan and China. Africa also delivered good growth despite increased levels of competitive activity and Australia grew despite difficult markets,” Unilever said in press release.
The stock opened at Rs 711 and hit a low of Rs 683 in noon deals on BSE. A combined 1.3 million shares have changed hands on the counter till 1159 hours on BSE and NSE.
Meanwhile, Angle-Dutch consumer goods company Unilever, reported underlying sales growth of 5% for the quarter ended June 30, 2013.
Unilever said that the strong sales growth in the quarter was driven by healthy volume growth.
“We saw particularly good performances in Indonesia, Vietnam, Pakistan and China. Africa also delivered good growth despite increased levels of competitive activity and Australia grew despite difficult markets,” Unilever said in press release.