Hindustan Unilever stock dives as investors await Q3 financial performance

20 Jan 2022 , 12:34 PM

FMCG giant, Hindustan Unilever (HUL) stock is in focus on exchanges during Thursday’s trading session ahead of their December 2021 (Q3FY22) quarter earnings scheduled today.

The stock performed on a selling bias on both exchanges BSE and NSE.

At around 12.31 pm, on BSE, HUL stock was trading at Rs2272.45  per piece down by Rs38.40  or 1.7% on Sensex.

The stock has touched an intraday high and low of Rs2325 per piece and Rs2262.05 per piece respectively on Sensex.

In Q3FY22, HUL is all set to report 10% YoY growth in revenue, fueled by volume growth of 1-3% and a price hike of 7-8%. Growth in volumes will be led by the beauty and personal care or BPC, and homecare categories. Food business could post mid-single-digit revenue growth during the quarter.

In Q2FY22, HUL posted a PAT of Rs2,187cr rising by 9% yoy. While the company recorded double-digit revenue growth of 11.2% yoy to Rs12,724cr. In its audit report, HUL said that performance was broad-based with all 3 divisions growing competitively. Business fundamentals remained strong with more than three-fourths of the business gaining market share and penetration.