MUMBAI: Shares of Hindustan Unilever had declined as much as 5.5% intraday on Monday after the company reported disappointing results for the January-March quarter.
At 1450 IST, the stock traded at ₹2,092.55 on the BSE, down 4.6% on the BSE. HUL's headline numbers for Q4 were 6-16% lower than expected.
Management indicated normalised sales growth of 3% but the severe impact on primary sales toward March-end due to lockdown led to a decline in reported numbers.
Analysts said while HUL management had cited weak operating trends even before the lockdown, part of the impact was due to supply chain disruption, which has now reversed to some extent.