HUL beats Street expectations in Sept quarter, net profit rises 22.2%

Net profit rises 22.2% on 16.1% increase in revenue

HUL’s foods and refreshments category grew 5 per cent in Q4, aided by beverages and ice-cream.
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HUL’s reported numbers were better than industry growth. The company’s volume growth stood at 4 per cent in the quarter compared with a decline of 6 per cent for the industry

Sharleen D’Souza Mumbai
Hindustan Unilever (HUL) — one of the country’s largest fast-moving consumer goods (FMCG) majors — registered a 22.2 per cent year-on-year (YoY) increase in net profit in the July-September quarter (Q2), beating Street expectations despite sustained weakness in rural markets.

The company registered a volume growth of 4 per cent during the quarter. While the net profit rose to Rs 2,665 crore from Rs 2,181 crore in the year-ago period, revenue increased 16.1 per cent to Rs 15,144.0 crore, as against Rs 13,046.0 crore during this time.

Sanjiv Mehta, MD and CEO, HUL, said in a conference call, “According to Nielsen, the

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First Published: Oct 21 2022 | 9:31 PM IST

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