Hindustan Unilever net profit for third quarter for FY2021 rises 19 per cent to Rs 1,921 crore
Mumbai, Jan. 28: FMCG major Hindustan Unilever (HUL) on Wednesday reported a 19 per cent increase in net profit at Rs 1,921 crore for the quarter ended December 2020 as against Rs 1,616 crore posted in the same period last year on the back of steady revenue growth and operating income. Revenue from operations grew by 20.5 per cent year-on-year to Rs 11,682 crore during the third quarter, while EBITDA margins, a measure of a firm’s operating profit, remained healthy at 24 per cent.
Domestic consumer growth, excluding the impact of merger of GSK CH and acquisition of VWash, grew by 7 per cent during the quarter. “Our business fundamentals remain strong with 86 per cent of our business gaining penetration. Health, hygiene and nutrition, forming 80 per cent of our portfolio, continues to grow in double digits and we have seen significant improvement in discretionary categories,” said the maker of Pepsodent and Surf Excel.
