Shares of FMCG major Hindustan Unilever today rose by over 2 per cent after the company reported a 7 per cent increase in standalone net profit for the March quarter.
After a positive opening, the stock further gained 2.42 per cent to Rs 866.60 on BSE.
On NSE, the scrip climbed 2.42 per cent to Rs 866.
The stock was the top gainer on both Sensex and Nifty during the morning trade.
Yesterday, Hindustan Unilever reported a 7.02 per cent increase in standalone net profit at Rs 1,089.59 crore for the three months to March, after witnessing decline in the previous two quarters.
The company had posted a net profit of Rs 1,018.08 crore in January-March of the preceding fiscal, HUL said in a statement.
HUL's net sales during the quarter under review were Rs 7,809.40 crore, up 3.36 per cent, as against Rs 7,555.00 crore in the year-ago period.
For entire 2015-16 fiscal, HUL's consolidated net profit was down 6.43 per cent to Rs 4,082.42 crore as against Rs 4,363.08 crore last fiscal.
Consolidated net sales for 2015-16 fiscal increased 4.11 per cent to Rs 32,482.72 crore as against Rs 31,199.72 crore a year ago.
