Worries over sales weigh on Hindustan Unilever shares
Apr 29 2014 , Mumbai
The company's sales growth stayed muted for the eighth straight quarter, hurt by a sluggish economy. India's largest consumer goods maker said it did not expect a demand recovery in the near-term.
Dealers expect Hindustan Unilever's margins to remain flat as input costs and royalty rates inch up.
Hindustan Unilever shares have gained 0.4 percent so far this year as of Monday's close, well below the 6.7 percent rise in the broader Nifty.