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Hindustan Unilever (HUL), has reported 28% YoY increase in net profit at Rs.1,326 crore, for the December quarter. Last year, in the corresponding quarter it had reported a net profit of Rs.1,038 crore.
Volume growth for the December quarter came in at 11%. Sales for the quarter was reported at Rs.8,323 crore compared with Rs.8,121 crore in the corresponding quarter, last year. Margins for the quarter expanded to 20.1%.
Furthermore, Harish Manwani, company chairman stated, “We have delivered another strong performance in the quarter, with broad based growth across categories and further improvement in margins. We remain positive about the mid-term outlook of the industry and will continue to invest strongly in our core brands and developing categories of the future.”
