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Hindustan Unilever Q2 Results Announced, Net Profit Jumps 34.76% at Rs.566 Cr

By Bhaveek Patel Leave a Comment

Hindustan Unilever Limited (HUL) has announced its second quarter results of 2010. Company has reported net profit at Rs.566 crore vs Rs.420 crore (last), shows growth of 34.76% on year-on-year basis (YoY). Its net sales jumped 10.9% at Rs.4,680 crore versus Rs 4,220 crore in same period of FY10. Adjusted profit after tax of the company was reported at Rs.566 crore versus Rs.499.7 crore, hence a growth of 13.27%. Operating profit margin (OPM) declined at 13.8% versus 15.4% due to increase in cost of raw materials.

The company has declared interim dividend of Rs.3/share (good dividend).


Our trading view: Buy HUL above 295 levels for target of 319 / 333 in short term. Stop loss should be placed at 286. If this stock is held for long term(more than 2 years), the returns expected can be around 60%. We see a very limited downside from here.

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Category: Results Tags: HINDUNILVR/ HUL/ Results

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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