💨 Abstract

Hindustan Unilever shares fell 3.5% on Thursday, hitting a low since May, due to forecasted near-term margin pressure. The company's third-quarter profit and revenue showed a marginal rise, but the margin prediction is at the lower end of the previous forecast range due to escalating costs of commodities like palm oil and tea, and a two-year low in urban demand in November.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖