Shares of Hindustan Unilever Ltd (HUL) were trading lower today amid mild gains in the broader market. HUL reported a 19.61 per cent year-on-year (YoY) rise in standalone net profit at Rs 2,616 crore compared with Rs 2,187 crore in the corresponding quarter last year. The stock fell 1.68 per cent to Rs 2,530 against the previous close of Rs 2,574 on BSE. Brokerages were of the view that margins of the firm were still under pressure and would take time for a full recovery.
HUL vs Godrej Consumer stocks: In 2022, HUL stock has gained 10.24 per cent against a mere 0.08 per cent rise in Sensex. On the other hand, Godrej Consumer shares have plunged 14 per cent during the same period.
HUL stock rose 4.48% to Rs 2,509 against the previous close of Rs 2,401 and Britannia Industries ended 4.72% higher at Rs 3,829 against the previous close of Rs 3,657.30.