(Reuters) -Indian shares were off to a muted start on Thursday, as dull earnings and persistent foreign selling weighed, while consumer major Hindustan Unilever fell on smaller-than-expected September quarter profit.

Board of directors of FMCG giant has decided to spin off its ice cream business comprising brands such as Kwality Wall’s, Cornetto and Magnum

Hindustan Unilever Q2 Results Live : Hindustan Unilever declared their Q2 results on 23 October 2024, reporting a topline increase of 1.94% year-on-year, while profit saw a decline of 2.45%. Compared to the previous quarter, revenue grew by 1.39%, but profit decreased by 0.73%.

Shares in Hindustan Unilever , the Indian unit of UK's Unilever , fell 5% on Thursday, a day after the consumer goods maker reported quarterly earnings below market expectations due to a slowdown in urban sales growth.

Shares of FMCG major Hindustan Unilever Ltd (HUL) on Thursday tumbled over 6% after the firm reported a 2.33% decline in consolidated net profit for the second quarter ended in September. The stock tanked 6.

As a result of the volume growth miss, JPMorgan has lowered its financial year 2025 and 2026 Earnings Per Share (EPS) estimates by 3% each, on the back of marginal moderation in revenue forecasts.

Hindustan Unilever, the Indian unit of UK's Unilever, reported a smaller-than-expected quarterly profit on Wednesday as the consumer goods maker incurred higher expenses amid a slowdown in urban markets.

HINDUSTAN Unilever, India’s biggest household products maker, reported second-quarter profit that missed expectations amid a lingering spell of weak demand for consumer goods. Read more at The Business Times.

The domestic shares were off to a muted start on Thursday, as dull earnings and persistent foreign selling weighed, while consumer major Hindustan Unilever fell on smaller-than-expected September quarter profit.