Shares of Hindustan Unilever Limited rose more than 4 percent on Thursday after the fast-moving consumer goods major (FMCG) reported a higher consolidated net profit for the fourth quarter ended March.
The stock rose 3.99 percent to Rs 2,230 on the BSE. On the NSE, it climbed 4.28 percent to Rs 2,237 apiece.
The company showed a 5.34 percent increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter ended March on Wednesday despite flat volume growth due to unprecedented inflation.
On top of that, THEY has now become a Rs 50,000 crore turnover company and also the first pure FMCG firm to reach this milestone. The company now has 16 brands with a turnover of Rs 1 000 crore each.
“During the quarter, our revenue grew 10 percent with flat underlying volume growth. We continued to grow significantly ahead of the market and gain value and volume market shares,” it said Wednesday.