 "Hindustan Unilever, HUL")
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
