Shares of HUL drop over 3% after Q1 earnings - Buy, Sell or Hold? Check targets by brokerage

HUL Share Price Target NSE, BSE: Shares of Hindustan Unilever Ltd (HUL) dropped over over 3 per cent after the company reported just a 2.2 per cent rise in consolidated net profit at Rs 2,612 crore for April-June FY25 impacted by price reductions. The counter opened in red at Rs 2759.95 and declined further to Rs 2674.10 - a drop of around 3.34 per cent from the previous close of Rs 2766.50 on the BSE.

At the NSE, it declined 3.29 per cent to Rs 2,675.10.

The FMCG major had posted a net profit of Rs 2,556 crore in June quarter FY24, according to a regulatory filing from HUL on Tuesday.

Revenue from sales of products in the quarter was marginally up 1.68 per cent to Rs 15,497 crore as against Rs 15,240 crore a year ago.

The company delivered a 4 per cent volume growth during the quarter, according to an earning statement from HUL.

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