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Why Hindustan Unilever's Q2 earnings failed to excite the market today

Shares of Hindustan Unilever Ltd (HUL) were trading lower today amid mild gains in the broader market. HUL reported a 19.61 per cent year-on-year (YoY) rise in standalone net profit at Rs 2,616 crore compared with Rs 2,187 crore in the corresponding quarter last year. The stock fell 1.68 per cent to Rs 2,530 against the previous close of Rs 2,574 on BSE. Brokerages were of the view that margins of the firm were still under pressure and would take time for a full recovery. ....

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