HUL Q3 net up 18.8%

"Our consumer-relevant innovations, market development and execution excellence have enabled us to drive growth across our categories," HUL CMD Sanjiv Mehta said.

New Delhi: FMCG major Hindustan Unilever Wednesday reported a 20.3 per cent rise in consolidated net profit to Rs 1,938 crore for the third quarter ended December 2020.

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

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Its sales during the quarter increased 20.26 per cent to Rs 11,969 crore, as against Rs 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 per cent to Rs 9,548 crore in Q3 FY2020-21 compared to Rs 7,849 in the year-ago period.

“Our consumer-relevant innovations, market development and execution excellence have enabled us to drive 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,” 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.

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