HUL Q3 net up 18.8% at Rs 1,938 crore; sales rise 20.3% to Rs 11,969 crore – Times of India


NEW DELHI: FMCG main Hindustan Unilever Ltd on Wednesday reported a 20.3 per cent rise in consolidated net revenue to Rs 1,938 crore for the third quarter ended December 2020.
The firm had posted a net revenue of Rs 1,631 crore within the October-December quarter earlier fiscal.
Its sales throughout the quarter elevated 20.26 per cent to Rs 11,969 crore, as towards Rs 9,953 crore within the corresponding interval a yr in the past, Hindustan Unilever Ltd (HUL) mentioned in a regulatory submitting.
HUL’s whole bills too rose 21.65 per cent to Rs 9,548 crore in Q3 FY2020-21 in contrast to Rs 7,849 within the yr-in the past interval.
“Our consumer-relevant innovations, market development and execution excellence have enabled us to drive broad-based growth across our categories in the December quarter.
“I’m significantly happy with the efficiency of our Nutrition enterprise and with the restoration within the discretionary segments of our portfolio; these are structurally engaging and provide immense progress potential,” HUL CMD Sanjiv Mehta said.
He further noted that the near-term demand outlook is improving.
“We count on to see a revival in city whereas rural ought to proceed to do properly. Inflationary pressures are constructing up in choose commodities and we’ll handle them judiciously. I’m assured that we’re very properly positioned to seize the expansion alternatives and speed up momentum,” he added.
Shares of HUL on Wednesday settled at Rs 2,390.75 on BSE, down 0.87 per cent from the earlier shut.

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