Shares in HUL dip as volume growth worries remain

Posted By:
Subscribe to GoodReturns

Shares in HUL dip as volume growth worries remain
Hindustan Unilever: Quotes, News
BSE 844.80BSE Quote2.7 (0.32%)
NSE 845.05NSE Quote2.05 (0.24%)
Shares in FMCG major HUL fell a little more than 2 per cent, as investors worried over growth in volumes at the company. On Monday the company said that volume growth was 3 per cent for the quarter ending March 31, 2014, which was at the lower end of expectations.

Analysts remain worried that growth would continue to languish. Moreover, worries over a poor monsoon has triggered fears of a slower growth in rural areas.

HUL reported a net profit for the quarter ending March 2014 at Rs 872 crores, against 787.2 crores reported in the corresponding period of last year.

Total income at the company increased to Rs 7094 crores.

During the quarter, the Domestic Consumer business grew at 9 per cent, ahead of market, with 3 per cent underlying volume growth. In the beverages segment, Tea sustained double digit growth on the back of stepped up volumes. Taj Mahal, Red Label and 3 Roses grew in double digits, driven by a strengthened mix and focused in-market activities. The thrust on leading Market development for tea bags saw flavoured and green tea bags more than double sales in the quarter. In Coffee, Bru Gold continued to perform well.

Read more on the company's results here

GoodReturns.in

Read more about: hul
Story first published: Tuesday, April 29, 2014, 10:59 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?