Hindustan Unilever (HUL), a wholly-owned subsidiary of FMCG, reached its net profit of Rs. 1,444 crore, up 9 percent from the end of December 2018. Increasing sales has boosted the company’s profits. In the same quarter of the previous financial year, the company had earned a net profit of Rs 1,326 crore. In the information sent to the stock exchanges, the company said that during the third quarter, its sales increased by 12.42 percent to Rs 9,357 crore, from Rs 8,323 crore in the corresponding quarter of the previous fiscal.
On the quarterly results, HUL Chairman and Managing Director Sanjeev Mehta said that we did another strong performance during the quarter. Sales recorded two-digit increments as well as improved margins.
During the reporting period, the total expenditure of HUL increased by 8.75 per cent to Rs 7,652 crore, from Rs 7,036 crore in the corresponding quarter of the previous fiscal. HUL said in his statement that the Ebidata margin (income before interest, tax 5, depreciation and amortization) 170 basis points and profit after tax was 17 percent. HUL’s revenue rose by 14.84 per cent to Rs 3,148 crore from the Home Care segment, which was Rs 2,741 crore in the same quarter last year.