Hindustan Unilever third quarter net profit rises 9% to Rs 1,444 cr on strong volume growth; sales up 12.42%
HUL's sales during the quarter under review stood at Rs 9,357 crore, up 12.42 percent, as against Rs 8,323 crore in the corresponding period a year ago.
HUL's domestic consumer growth was 13 percent with underlying volume growth at 10 percent.
EBITDA margin was up 170 basis points and profit after tax grew by 17 percent
Shares of HUL settled at Rs 1,750.10 apiece on the BSE, down 1.12 percent from previous close
New Delhi: FMCG major Hindustan Unilever (HUL) on Thursday reported a 9 percent increase in its net profit to Rs 1,444 crore for the quarter ended December 2018 on account of strong volume growth.
The company had posted a net profit of Rs 1,326 crore in the October-December quarter of the previous fiscal.
Sales during the quarter under review stood at Rs 9,357 crore, up 12.42 percent, as against Rs 8,323 crore in the corresponding period a year ago, HUL said in a regulatory filing.
"Domestic consumer growth was 13 percent with underlying volume growth at 10 percent. EBITDA margin was up 170 basis points and profit after tax (before exceptional items) grew by 17 percent," HUL said in a statement.
Commenting on the results, HUL chairman and managing director Sanjiv Mehta said: "We have delivered another strong performance in the quarter, with double digit volume growth and improvement in margins."
He further said: "Our focus on strengthening the core and leading market development by tapping into emerging trends has been yielding results across categories."
HUL's total expenses for the said period came in at Rs 7,652 crore as against Rs 7,036 crore, up 8.75 percent. Shares of HUL settled at Rs 1,750.10 apiece on the BSE, down 1.12 percent from their previous close.
To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.
To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Hindustan Unilever , controlled by consumer goods giant Unilever, warned India's consumer spending will remain weak as the economy sags after its own profit rose 8 percent on robust sales of soaps and detergents.<br />
Shares of Hindustan Unilever fell today after investors turned bearish on the stock as parent Unilever warned on Monday that a slowdown in emerging markets accelerated in the July-September quarter.<br /><br />
The new manufacturing unit will be in the vicinity of the existing factory premises in Doom Dooma