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23 January 2022, Mumbai:
For the third quarter ending December 2021, Hindustan Unilever Ltd (HUL) saw a 19 percent increase in consolidated net profit to Rs 2,300 crore ($309.3 million), up from Rs 1,983 crore the previous year.
The company's sales for the quarter increased by 10% to Rs 13,196 crore, up from Rs 11,969 crore in the previous quarter. HUL's overall costs for the quarter were Rs 10,329 crore, up from Rs 10,129 crore the year before.
In a statement, HUL's chairman and managing director, Sanjiv Mehta, said of the Q3 results, "Despite market growth slowing and considerable levels of commodity inflation, the firm generated a solid and robust performance in the quarter.
I'm especially thrilled that our growth is incredibly competitive, with the largest market share increase in over a decade. Our business's performance reflects our strategic clarity, brand strength, operational competence, and dynamic financial management."
"We remain optimistic about the Indian FMCG sector's medium to long-term prospects, as well as HUL's capacity to produce steady, profitable, and responsible growth," Mehta added.
Hindustan Unilever, India's largest consumer products corporation, anticipates sustained demand in the coming fiscal year.
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