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Hindustan Unilever Ltd, the country’s largest consumer goods maker, released their quarterly financial report for the July-September quarter with the net profit of Rs. 1,525 crores, posting a year-on-year rise of 19 per cent, according to its exchange filing.
The total revenue stood at Rs 9,234 crores, rising around 11 per cent year-on-year basis. Operating profit witnessed a 20 per cent growth to Rs. 2,012 crores. Volume growth was reported at 10 per cent whereas margin expanded 170 basis points to 21.8 per cent.
According to the filing, the Home-care segment income increased by 7.6 percent to Rs. 3,146 crores. Revenue from Food segment rose by 8.9 percent to Rs. 3,489 crores. Beauty and personal care revenue jumped by 5 percent to Rs. 8,723 crores.
Sanjiv Mehta, Chairman and MD, HUL said, “There are very clear headwinds like currency depreciation and oil prices. But we have demonstrated our agility and responsiveness. We are well prepared to navigate the turbulence that will come our way. From our perspective, we are clearly seeing that the demand is stable. We are pleased with it.”
According to Srinivas Pathak, Chief Financial Officer (CFO), “ The rise in input costs has two parts to it. While prices of crude and currency depreciation are starting to have a larger impact on its portfolio, the benign prices of vegetable oils and food items are partially offsetting.”
