HUL reported a 17% jump in net profit at Rs 2,243 crore for Q3


Published On: Thursday, January 20, 2022 | By:

HUL  reported a 17% jump in net profit at Rs 2,243 crore for Q3

Hindustan Unilever today(20th January 2022) reported a 17% jump in net profit at Rs 2,243 crore for the quarter ending December 31, 2021, as it gained market share in both urban and rural areas as India emerged from coronavirus-related lockdowns. It posted a net profit of Rs 1,921 crore in the year-ago period. Growth in the quarter was competitive and profitable with domestic consumer growth of 11%. 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% was significantly ahead of the market, the company said in a stock exchange filing.

Sanjiv Mehta, Chairman and Managing Director, HUL 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.

"In the near-term, operating environment will continue to remain challenging. In this scenario, we will manage our business with agility, continue to grow our consumer franchise whilst maintaining our margins in a healthy range. We remain confident of the medium to long term potential of Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth."On Thursday, the company's scrip on BSE closed 2% lower at Rs 2,261.60.Sales from products increased 10% to Rs 12,900 crore as against Rs 11,682 crore a year ago.


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