Hindustan Unilever (HUL) today(29th April 2021) reported standalone net profit at Rs 2,143 crore for the March quarter of the financial year 2020-21 (Q4FY21), up 41.07 percent year-on-year (YoY). The company had reported a profit of Rs 1,519 crore in the same period last year.
On a sequential basis, the figure jumped 11.55 percent from Rs 1,921 crore posted in the December quarter.
The revenue during the quarter under review jumped 34.63 percent YoY to Rs 12,132 crore in comparison with Rs 9,011 crore in the same period last year. It climbed 2.27 percent quarter-on-quarter (QoQ).
The March quarter results beat analysts estimates on the profit front as brokerages had estimated the figure to grow between 11-32 percent YoY. While they had projected the figure to be flat on a QoQ basis. Even the March quarter revenue beat analysts estimate marginally.