MUMBAI: Shares of Hindustan Unilever Ltd have been among those holding up steadily on the back of a decent prospect in fast-moving consumer goods segment.
The latest update on the company's business being disrupted has not dented the stock price much. HUL stock was marginally down at 0.4% early Wednesday.
HUL said the impact on discretionary categories like hair care, skincare and colour cosmetics is more accentuated. While there is some demand revival in these categories, it could take a while for sales to fully recover in these segments.
Other categories such as ice cream and foods solutions and consumer durables business of water have been worst hit by the lockdown.