Hindustan Unilever Shares Fall Over 5% As COVID-19 Hits Profitability

Hindustan Unilever Limited (HUL) shares fell more than 5 per cent on Monday, after the fast-moving consumer goods major reported a 3.5 per cent fall in its net profit for the January-March period. In a regulatory filing after market hours on Thursday, the company said its net profit was Rs 1,515 crore in the quarter ended March 31, as the spread of the coronavirus (COVID-19) pandemic impacted its business from mid-March. On the BSE, ...