HUL Result Highlights
HUL reported a 9 percent year-on-year (YoY) growth in net profit at Rs 2,009 crore for the second quarter ended September 30, 2020.
Total sales of the company jumped 16 percent to Rs 11,276 crore during the quarter under review from Rs 9,708 crore in the corresponding period last year.
HUL declared an interim dividend of Rs 14 per equity share of the face value of Rs 1 each for the financial year ending March 31, 2021.
Operating profit rose 16.6% to Rs 2,925 crore.
Margin expanded to 25.1% from 24.8% a year ago.
Impact on HUL
Neutral to positive impact.
HUL is in the consolidation phase and trading near 2200 marks. Any breakout above the level of 2200 on the closing basis with high volume can generate a fresh buying rally in it and it can test the level of 2350 – 2410 on the upside. On the flip side, the major support level is 2000.
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