HUL Asserted A Profit of Rs 1,444 crore for Q3

Hindustan Unilever (HUL) posted revenue of Rs 9,558 crore during the quarter under review. It rose 11 percent compared to its previous year revenue of Rs 8,590 crore.

The company reported a growth of 9 percent (year-on-year) in its net profit for the December quarter. The profit for third quarter has come in at Rs 1,444 crore against last year’s Rs 1,326 crore.

The FMCG major reported a volume growth of 10 percent, which exceeded Street expectations. According to a poll of analysts by CNBC-TV18, the volume growth was seen at 6-8 percent. Its volumes last year were reported at 11 percent.

At an operating level, the EBITDA rose to Rs 2,046 crore, a jump of 22 percent compared to the corresponding quarter’s performance last year at Rs 1,680 crore. Meanwhile, the operating margin stood at 21.4 percent against 19.6 percent.

The tax expenses for the company rose to Rs 510 crore against Rs 297 crore last year. HUL also reported a one-time loss of Rs 62 crore against Rs 21 crore loss posted last year.

Hindustan Unilever (HUL) posted revenue of Rs 9,558 crore during the quarter under review. It rose 11 percent compared to its previous year revenue of Rs 8,590 crore.

The company reported a growth of 9 percent (year-on-year) in its net profit for the December quarter. The profit for third quarter has come in at Rs 1,444 crore against last year’s Rs 1,326 crore.

The FMCG major reported a volume growth of 10 percent, which exceeded Street expectations. According to a poll of analysts by CNBC-TV18, the volume growth was seen at 6-8 percent. Its volumes last year were reported at 11 percent.

At an operating level, the EBITDA rose to Rs 2,046 crore, a jump of 22 percent compared to the corresponding quarter’s performance last year at Rs 1,680 crore. Meanwhile, the operating margin stood at 21.4 percent against 19.6 percent.

The tax expenses for the company rose to Rs 510 crore against Rs 297 crore last year. HUL also reported a one-time loss of Rs 62 crore against Rs 21 crore loss posted last year.