Hindustan Unilever shares drop over 5% after company reports 4% decline in net profit in Q4
FirstpostShares of Hindustan Unilever on Monday fell 5.5 percent after it reported a 3.93 percent decline in consolidated profit for the fourth quarter due to coronavirus crisis from mid-March New Delhi: Shares of Hindustan Unilever on Monday fell 5.5 percent after it reported a 3.93 percent decline in consolidated profit for the fourth quarter due to coronavirus crisis from mid-March. FMCG major Hindustan Unilever on Thursday reported a decline of 3.93 percent in consolidated profit to Rs 1,512 crore for the fourth quarter, impacted by the coronavirus crisis from mid-March. The company had posted a net profit of Rs 1,574 crore in the January-March period of the previous fiscal. Sales during the quarter under review stood at Rs 9,055 crore, down 9.61 percent from Rs 10,018 crore in the corresponding period a year ago, Hindustan Unilever Ltd said in a regulatory filing.