Home Business HUL Q3 Results: Net Profit Jumps 18% YoY To Rs 2,300 Crore

HUL Q3 Results: Net Profit Jumps 18% YoY To Rs 2,300 Crore

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New Delhi: FMCG main Hindustan Unilever on Thursday clocked an 18.68 per cent improve in consolidated web revenue to Rs 2,300 crore for the third quarter (Q3) ended December 2021.

The corporate had posted a web revenue of Rs 1,938 crore within the October-December interval of the earlier monetary 12 months.

Income from gross sales through the quarter underneath evaluation stood at Rs 13,196 crore, up 10.25 per cent, as towards Rs 11,969 crore within the corresponding interval a 12 months in the past, Hindustan Unilever Ltd (HUL) mentioned in a regulatory submitting.

HUL’s whole bills had been at Rs 10,329 crore in Q3 FY21-22 as towards Rs 10,129 crore earlier.

“Enterprise fundamentals remained robust with good-looking market share features in all our divisions, each city and rural markets and throughout worth segments. Underlying quantity progress at 2 per cent was considerably forward of the market,” HUL mentioned in a post-earning assertion.

HUL CMD Sanjiv Mehta mentioned the corporate has delivered a robust and resilient efficiency within the quarter regardless of moderation in market progress and important ranges of commodity inflation.

“I’m notably happy that the expansion is extraordinarily aggressive with our market share features being highest in additional than a decade. Our efficiency is reflective of our strategic readability, energy of our manufacturers, operational excellence, and dynamic monetary administration of our enterprise,” he mentioned.

Nevertheless, he added that within the near-term, working atmosphere will proceed to stay difficult.

“On this state of affairs, we are going to handle our enterprise with agility, proceed to develop our client franchise while sustaining our margins in a wholesome vary. We stay assured of the medium to long run potential of Indian FMCG sector and HUL’s potential to ship a Constant, Aggressive, Worthwhile and Accountable progress,” Mehta added.

Shares of HUL on Thursday settled at Rs 2,261.60 on the BSE, down 2.13 per cent from the earlier shut.

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