HUL Stock Plunges 5% on Q3 Topline Miss, Drags Nifty 50 Down

• Hindustan Unilever Ltd. reported Q3 results with a 5% stock fall, impacting Nifty 50.
• Net profit at ₹2,590 crore, slightly above estimates, but down 13.7% year-on-year.
• Standalone revenue of ₹15,805 crore missed estimates, growing 2.6% year-on-year.
• EBITDA rose 2% to ₹3,640 crore, missing expectations, with margin at 23%.
• HUL to acquire remaining 49% stake in Zywie Ventures for ₹824 crore.