HUL reports net profit of ₹2,243 crore in Q3

Hindustan Unilever Ltd (HUL) reported a 16.8% YoY rise in standalone net profit at ₹2,243 crore in Q3.

Hindustan Unilever Ltd (HUL) reported a 16.8% YoY rise in standalone net profit at ₹2,243 crore in Q3 from ₹1,921 crore as India’s largest consumer goods maker gained market share in both urban and rural areas amid COVID-19 pandemic.

The company’s revenue from operations rose 10.2% to ₹13,183 crore against to ₹11,959 crore in the corresponding quarter of last fiscal year, it said in a regulatory filing. The EBITDA margin has improved 100 bps to 25.4% YoY.

“In the near-term, operating environment will continue to remain challenging,” HUL stated midst handling the COVID-19 pandemic situation. The FMCG major’s sales inclined by 10% to ₹12,900 crore from ₹11,682 crore in the previous year. Hindustan Unilever has recorded 11% growth in domestic consumer growth.

Business fundamentals continued to stay strong with decent market share returns in all our holdings, both urban and rural markets and across price segments. Underlying volume advancement at 2% was significantly ahead of the market, HUL said in a filing.

Home Care growth stood at 23%- strong performance was in Fabric Wash and Household Care. Beauty & Personal Care rose 7% led by Skin Care, Skin Cleansing, and Color Cosmetics. Skin Cleansing showed double-digit growth driven by good performance in Lux, Dove and Pears. Foods improved on a solid base led by Jams and Ketchup. Kissan Peanut Butter’ and Hellman’s Mayonnaise innovations maintain progress. Bru launched a new product ‘Bru Beaten Coffee.’

 

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news delivered directly to your inbox.
You can unsubscribe at any time