Economic TimesLean R·
HUL upside maybe limited as margins face cost pressure
ET Intelligence Group: Hindustan Unilever's (HUL) shares came under pressure during Tuesday's trading session, plunging to a 52-week low of ₹2,019 on the BSE despite a 13-quarter high revenue growth posted by the FMCG major for the June quarter. It ended the day at ₹2,023.2, recording the steepest daily fall of 7% since March 23, 2020 when it had declined 8.8%. The sharp fall reflects concerns over the mounting input cost pressure, which resulted in a 40 basis point year-on-year contraction in …
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