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HUL Q3FY22 results: Net profit grows 16.76 pc to Rs 2,243 cr HUL | Q3FY22 Results

HUL Q3FY22 results: Net profit grows 16.76 pc to Rs 2,243 cr

India Blooms News Service | @indiablooms | 21 Jan 2022, 02:25 am

Mumbai/IBNS: FMCG major Hindustan Unilever Ltd (HUL) thursday reported a standalone net profit of Rs 2,243 crore for the quarter ended December 2021, up 16.76 percent against Rs 1,921 crore year-ago period.

Its total revenue including other income rose 10.23 per cent YoY to Rs 13,183 crore in Q3FY22 from Rs 11,959 crore in the same quarter last year.

Sales from products rose to Rs 12,900 crore compared to Rs 11,682 crore while other operating revenue stood at Rs 192 crore, rising  nearly 12 crore from the corresponding quarter last quarter.

However, netw profit quarter-on-quarter grew 2.56 percent whereas total revenue rose 2.69 percent.

“Growth in the quarter was competitive and profitable. Business fundamentals remained strong with handsome market share gains in all our divisions both urban and rural markets and across price segments. Underlying volume growth at 2 per cent was significantly ahead of the market,” said the company.

The EBITDA margin, which measures a company's operating profit as a percentage of its revenue, stood at 25.4 percent, up 100 bps YoY.

“In the context of unprecedented inflation, we continue to manage our business dynamically, driving savings harder across all lines of P&L and taking calibrated pricing actions using the principles of net revenue management. We continue to invest competitively behind our brands,” the company said.

Beauty and personal care grew 7 percent with skin cleansing, skin care and colour cosmetics being the top performers while home care segment grew at 23 percent led by fabric wash and household care.

Foods and refreshment segment improved 3 percent driven by solid performance in tea and ice-creams.

Sanjiv Mehta, Chairman and Managing Director, said, "We have delivered a strong and resilient performance in the quarter despite moderation in market growths and significant levels of commodity inflation. I am particularly pleased that the growth is extremely competitive with our market share gains being highest in more than a decade. Our performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business."

 

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