New Delhi, Jul 24 (PTI) Shares of Hindustan Unilever Ltd (HUL) on Wednesday declined over 3 per cent after the company reported just a 2.2 per cent rise in consolidated net profit at Rs 2,612 crore for April-June FY25 impacted by price reductions.

The stock went lower by 3.33 per cent to Rs 2,674.10 on the BSE.

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At the NSE, it declined 3.29 per cent to Rs 2,675.10.

The FMCG major had posted a net profit of Rs 2,556 crore in June quarter FY24, according to a regulatory filing from HUL on Tuesday.

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Revenue from sales of products in the quarter was marginally up 1.68 per cent to Rs 15,497 crore as against Rs 15,240 crore a year ago.

The company delivered a 4 per cent volume growth during the quarter, according to an earning statement from HUL.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)