HUL Q3 net up 18.8% at ₹1,938 crore; sales rise 20.3% to ₹11,969 crore

The company had posted a net profit of ₹1,631 crore in the October-December quarter previous fiscal

FMCG major Hindustan Unilever Ltd on Wednesday reported a 20.3% rise in consolidated net profit to ₹1,938 crore for the third quarter ended December 2020.

The company had posted a net profit of ₹1,631 crore in the October-December quarter previous fiscal.

Its sales during the quarter increased 20.26% to ₹11,969 crore, as against ₹9,953 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.

HUL’s total expenses too rose 21.65% to ₹9,548 crore in Q3 FY2020-21 compared to ₹7,849 in the year-ago period.

“Our consumer-relevant innovations, market development and execution excellence have enabled us to drive broad-based growth across our categories in the December quarter.

“I am particularly pleased with the performance of our Nutrition business and with the recovery in the discretionary segments of our portfolio; these are structurally attractive and offer immense growth potential,” HUL CMD Sanjiv Mehta said.

He further noted that the near-term demand outlook is improving.

“We expect to see a revival in urban while rural should continue to do well. Inflationary pressures are building up in select commodities and we will manage them judiciously. I am confident that we are very well positioned to capture the growth opportunities and accelerate momentum,” he added.

Shares of HUL on Wednesday settled at ₹2,390.75 on BSE, down 0.87% from the previous close.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *