Hindustan Unilever gains 4% post strong March quarter results

In Q4FY22, the country's largest FMCG major saw net profit climb by 5.4 per cent year-on-year (YoY) to Rs 2,304 crore, compared to Rs 2,186 crore from a year-ago period.

Shares of Hindustan Unilever (HUL) were up 4 per cent to Rs 2,230 on the BSE in Thursday’s intra-day trade, after the fast-moving consumer goods (FMCG) major beat estimates on volume growth and earnings front in the March quarter 2022 (Q4FY22).

At 09:34 AM; the stock traded 2 per cent higher at Rs 2,189.55, as compared to 0.42 per cent rise in the S&P BSE Sensex. In the past one month, it has outperformed the market by surging 12 per cent, against 1 per cent decline in the benchmark index. However, the stock has declined 9 per cent, as