Earnings season is in full swing. Most FMCG majors have released their results for the April to June quarter.

While some companies exceeded analyst estimates, shares of Nestle India, Hindustan Unilever, and Tata Consumer Products were in the red after Q2 earnings.

1. Nestle India

Instant noodles Maggi maker reported a net profit of ₹899.5 crore this quarter down 1% from last year. Net profit exceeded analysts' expectations of ₹858 crore, while revenue missed the estimate of ₹5,301 crore.

Revenue rose 1.3% to ₹5,104 crore.

Nestle India shares dipped 4% post Q2 results.

2. Hindustan Unilever

HUL reported a standalone net profit of ₹2,612 crore, down 3.9% year-on-year, and revenue of ₹15,508 crore, up 1.5%, both slightly below analyst expectations of ₹2,681 crore profit and ₹15,686 crore revenue.

HUL shares were down 4.03% the day after Q2 results.

3. Tata Consumer Products

This Tata Group firm’s net profit rose 7.7% YoY to ₹364.42 crore, with revenue from operations up 13% to ₹4,214.45 crore, though below the expected ₹4,337 crore.

Net profit exceeded estimates of ₹339 crore.

Shares tanked nearly 10% post-Q2 results.

4. Dabur

The company reported a net profit of ₹425 crore, down 17% YoY, with revenue falling 5.5% to ₹3,028.59 crore.

Sequentially, profit and revenue declined from ₹500 crore and ₹3,349.11 crore, respectively.

Dabur India shares rose 2.95% post results.

5. ITC

The FMCG major’s net profit rose 0.3% YoY to ₹4,917.45 crore, slightly below the expected ₹5,132 crore.

Revenue increased 7.4% to ₹17,000 crore, exceeding estimates of ₹16,618 crore.

However, ITC shares jumped 4% post-earnings.