Hindustan Unilever fell 2.14% to Rs 795 at 15:25 IST on BSE after net profit fell 2.62% to Rs 962.24 crore on 3.68% growth in total income to Rs 8125.55 crore in Q2 September 2015 over Q2 September 2014.
The result was announced during market hours today, 14 October 2015.
Meanwhile, the BSE Sensex was down 64.23 points, or 0.24%, to 26,782.30
On BSE, so far 4.45 lakh shares were traded in the counter, compared with an average volume of 86,000 shares in the past two weeks.
The stock hit a high of Rs 814.90 and a low of Rs 788.15 so far during the day. The stock hit a record high of Rs 979 on 11 March 2015. The stock hit a 52-week low of Rs 708 on 28 October 2014.
Hindustan Unilever (HUL) said that the company's bottom line during Q2 September 2015 was impacted due to base effect. There was exceptional income from the sale of properties in Q2 September 2014. Higher effective tax rate during the quarter also affected bottom line in Q2 September 2015.
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HUL's net profit before exceptional item rose 1% to Rs 970 crore in Q2 September 2015 over Q2 September 2014.
HUL said that the growth in Q2 September 2015 continued to be impacted by the phasing out of excise duty incentives and price de-growth, as the benefit of lower commodity costs was passed on to customers.
HUL's chairman Harish Manwani said that the company delivered another quarter of profitable volume-led growth. HUL continues to invest behind its brands and in-market executional capabilities to drive the competitiveness of its portfolio. The deflationary commodity cost environment is likely to continue in the near term and the company's strategy of delivering consistent and competitive growth with sustainable improvement in operating margin remains unchanged, Manwani said.
The board of directors of the company declared an interim dividend of Rs 6.5 per equity share for the year ending 31 March 2016.
HUL is India's largest fast moving consumer goods (FMCG) company.
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