HUL Q3 profit jumps 19% YoY to Rs 1,921 crore; revenue rises 20%
Fast-moving consumer goods (FMCG) major Hindustan Unilever (HUL) on Wednesday posted an 18.87 per cent year-on-year (YoY) rise in its standalone net profit at Rs 1,921 crore in the December quarter. The firm had posted a profit of Rs 1,616 crore in the same period last year.
However, sequentially, the profit figure dipped by 4.30 per cent from Rs 2,009 crore posted at the end of the September quarter.
The revenue from the sale of products came in at Rs 11,682 crore, up 20.48 per cent YoY and 3.6 per cent quarter-on-quarter (QoQ).
The results were in line with analysts’ expectations. Brokerage Phillip Capital had pegged revenue (sales of products) growth of 19 per cent YoY and 2.3 per cent QoQ at Rs 11,539 crore in the December quarter. Meanwhile, ICICI Securities had projected a profit of Rs 1,913.7 crore, up 18.4 per cent YoY from Rs 1,616 crore posted in the corresponding quarter last year. on QoQ basis, it expected profit to fall by 4.7 per cent. READ MORE
The EBIDTA (earnings before interest, tax, depreciation and amortisation) came in at Rs 2,854 crore for the quarter under review, up 16.7 per cent YoY. The figure stood at Rs 2,445 crore in the corresponding quarter previous year.
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