During the period, its volume growth was below estimates at 4 percent year-on-year.
Colgate shines bright, HUL loses sheen in oral care market
The FMCG major lost steam soon after it announced December quarter earnings as its third quarter net profit jumped 17.9 percent year-on-year to Rs 1,252 crore, mainly led by income from land sale. The stock lost 6 percent intraday on Monday, before closing at Rs 892.80, down Rs 49.65 or 5.27 percent.
Hindustan Unilever has locked horns with Colgate Palmolive once again. This time, it's featuring its toothpaste brand Pepsodent.
Hindustan Unilever plans to rework strategies in the oral care segment after disappointing third quarter for its products like Closeup and Pepsodent toothpaste.