Hindustan Unilever declines 6% on disappointing March quarter results

HUL, the country's largest consumer goods company, on Thursday reported a 7 per cent decline in volumes for Q4FY20, faring even worse than the demonetisation quarter, when the fall was 4 per cent

Shares of Hindustan Unilever skid 6 per cent to Rs 2,075 on the BSE on Monday after the consumer goods firm reported disappointing set of numbers for the quarter ended March 2020 (Q4FY20) on the back of the Covid-19 crisis.

The stock of the fast moving consumer goods (FMCG) giant was down for the fourth straight trading day, falling 11 per cent during the period, as compared to a nearly 1 per cent rise in the S&P BSE Sensex. With today’s fall, HUL has corrected 21 per cent from its record high level of Rs 2,614, touched on April 8, 2020.

HUL,