Economy

HUL net rises 28% to ₹1326 cr

HUL net rises 28% to ₹1326 cr

The company had posted a net profit of Rs 1,038 crore in the October-December quarter a year ago, HUL said in a BSE filing.

A Bloomberg poll of experts projected net profit of Rs 1,170 crore for HUL in Q3FY18.

"Laundry saw robust double-digit growth across key brands". Growth in household care was led by a strong performance by Vim. He, however, said there were early signs of commodity cost inflation and the company would further sharpen its focus on cost effectiveness programmes and manage business dynamically for competitiveness and sustained profitability. "Growth in skin care was driven by the strong performance of Fair & Lovely".

Hindustan Unilever responded to the local competition by taking its Lever Ayush brand of ayurveda-based products, which includes soaps, toothpastes and skincare creams, national past year. Home care division contributed Rs 2,741 crore during the quarter compared to 2,689 crore year ago.

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HUL for food category stated that the Kissan delivered broad based growth across Ketchups & Jams. Its Knorr brand too had a strong performance in soups.

The maker of Surf, Lux, Dove and Lakme products registered a 17% growth in domestic consumer growth while the underlying growth stood at 11%. Comparable ebitda margin improvement is 110 basis points (1 percentage point = 100 basis points) over the same quarter previous year. While the implementation of this change was initiated immediately, the company said due to paucity of time it was not possible for it to pass on the entire benefit of this rate reduction on some of the pipeline stocks during the transition. We have approached the CBEC (Central Board of Excise and Customs) suo moto and since there is an absence of clear legal provisions on this subject, they have forwarded our request to the DGS and we are awaiting their guidance on this matter.

Revenue at the Indian unit of Unilever rose to 87.4 billion rupees ($1.4 billion) in the three months through December, the Mumbai-based company said in a statement Wednesday.


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