hul: HUL standalone PAT up 17% to Rs 2,243 crore; volumes take a beating

- Advertisement -

MUMBAI: Hindustan Unilever (HUL) has reported a 17 per cent progress in standalone revenue after tax at Rs 2,243 crore in the course of the third quarter ended December 31, 2021, whereas the home client progress was at 11 per cent. The expansion is especially pushed by value will increase taken in the course of the quarter to fight inflationary pressures.
The corporate stated enterprise fundamentals remained sturdy “with handsome market share gains in all our divisions, both urban and rural markets and across price segments”. The underlying quantity progress at 2 per cent is, nonetheless, the bottom in 4 quarters.
Within the context of unprecedented inflation, the corporate stated in a press release, it has proceed to handle our enterprise dynamically driving financial savings tougher throughout all strains of P&L and taking calibrated pricing actions utilizing the ideas of Internet Income Administration. HUL, CMD, Sanjiv Mehta, stated: “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.”
Mehta stated within the near-term, working atmosphere will proceed to stay difficult. “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,” stated Mehta.

Denial of responsibility! - If you are a regular visitor then ignore this...
Read Full Details

For Newest Updates Observe us on Google News

**When you have any Question Associated This Submit then right here is the Source Link**

- Advertisement -