Hindustan Unilever shares drop over 5 pc after Q4 earnings
"The spread of COVID-19 impacted the business from mid-March, which culminated into scaling down of operations post the national lockdown. Domestic Consumer Growth declined by 9 per cent with a decline of 7 per cent in underlying volume growth. Reported EBITDA margin reduced by 40 bps," said HUL.
Shares of Hindustan Unilever on Monday fell 5.5 per cent after it reported a 3.93 per cent decline in consolidated profit for the fourth quarter due to coronavirus crisis, Photo: Reuters