HUL Shares Drop 3 Percent After Q4 Results Despite Profit Jump and Dividend Promise

Profit rose 21 percent but traders sold anyway

Hindustan Unilever’s shares fell more than 3% after its Q4 results, even as consolidated net profit jumped 21% to Rs 2,994 crore. The stock slipped to an intraday low around Rs 2,223. HUL also declared a final dividend of Rs 22 per share, but the market reaction suggests investors were focused on what came after the numbers.