Hindustan Unilever slips 5% in two days post September quarter earnings

The company's cost savings programme and tweaking of marketing spends would help it maintain higher operating margins, analysts said

Shares of Hindustan Unilever (HUL) dipped 2 per cent to Rs 2,530.90 on the BSE in Tuesday's intra-day trade, falling 5 per cent in the past two trading days, after the company registered a 22.2 per cent year-on-year (YoY) increase in net profit in the July-September quarter (Q2FY23), beating Street expectations despite sustained weakness in rural markets.

However, the company’s earnings before interest, taxes, depreciation, and amortization (Ebitda margin contracted 180 bps to 23.3 per cent from 25.0 per cent in the year-ago quarter.

The fast moving consumer goods (FMCG) company registered a volume growth of 4 per