FMCG- mammoth, Hindustan Unilever (HUL) witnessed dealing pressure on Wednesday’s trading bell after the company missed estimates in the fiscal performance for the quarter ending September 2021 (Q2FY22).

HUL posted a Q2 PAT of Rs2, cr rising by 9 yoy. While the company recorded double- number growth of11.2 yoy to Rs12, cr. In the current quarter, HUL’s PAT was slightly below prospects, while the top- line front stood in- line.

In its inspection report, HUL said that performance was broad- grounded with all 3 divisions growing competitively. Business fundamentals remained strong with further than three-fourths of the business gaining request share and penetration.

In terms of operating perimeters, HUL said that”EBITDA periphery was stepped up successionally vs JQ ’21 and is at 25. PAT at Rs2, cr increased by 9 time-on- time. We continue to invest behind erecting our brands, portfolio and future- fit capabilities. Our focused conduct on Net Revenue Management and savings have enabled us to manage inflationary pressures and deliver a healthy bottom- line performance.”

The company’s Board of Directors has declared an interim tip of Rs15/-per share for the time ending 31st March 2022.

At around11.24 pm, HUL was trading at Rs2527.30 per piece down Rs19.15 or0.75 on Sensex. At the current stock price, the company’s request cap stands for nearly Rs5.94 lakh cr.

The stock has touched an intraday high and low of Rs2584.25 per piece and Rs2516.15 per piece independently.