HUL Q3 result: The company’s consolidated net profit for the third quarter has increased by 18.68% to Rs 2,300 crore. Whereas in the same period last year it was Rs 1,938 crore.
HUL Q3 Result: FMCG sector giant Hindustan Unilever Limited (Hindustan Unilever) has announced the results of the third quarter of the current financial year. The company’s consolidated net profit for the third quarter grew by 18.68 per cent to Rs 2,300 crore. The company had made a net profit of Rs 1,938 crore in the same period last year.
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10.25% jump in sales revenue
In the information given to the stock exchanges, the company has said that its sale proceeds increased by 10.25 percent to Rs 13,196 crore during the quarter, from Rs 11,969 crore in the same quarter a year ago. During this period, the total expenditure of Hindustan Unilever increased from Rs 9,548 crore to Rs 10,329 crore. HUL said in a statement, “Business fundamentals remained strong with strong gains in market share across all our divisions, urban and rural markets and across all price segments.
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company statement
Hindustan Unilever Chairman and Managing Director Sanjiv Mehta said the company performed well during the quarter despite sluggish market growth and rising commodity inflation. “This growth has been extremely competitive. The gains we have made in market share are more than a decade’s high.” However, Mehta added that the business environment is likely to remain challenging in the coming days.
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