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.
Higher mobility, consumer-relevant innovations, and investments behind market development are driving business momentum, the company said.
Brokerage Phillip Capital had pegged revenue 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 a QoQ basis, it expected profit to fall by 4.7 per cent.
The EBIDTA 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 the previous year. EBITDA margins, meanwhile, came in at 24 per cent.
“With Covid cases coming down sharply and increasing mobility, economic activity in the country continues to improve. The rapid rollout of vaccines will give further impetus to economic growth. Our consumer-relevant innovations, market development, and execution excellence have enabled us to drive broad-based growth across our categories in the December quarter,” said Sanjiv Mehta, Chairman, and Managing Director.

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