Hindustan Unilever Q3 profit surges 28 percent

By

Maverick Martins

Published
Jan 17, 2018

Hindustan Unilever (HUL), India's biggest consumer goods company profits soared 28 percent Rs 1,326 crore (approx $207.6 million) in the third quarter of the financial year based on strong performance across categories especially its personal care segment.

HUL had reported a net profit of Rs 1,038 crore (approx $162.5 million) in the corresponding quarter last year.
 
The company’s sales revenue grew 11 percent to Rs 8,323 crore (approx $1.3 billion) compared with Rs 8,121 crore (approx $1.28 billion) in the year-ago quarter, the diversified consumer goods maker said in a statement.

"We have delivered another strong performance in the quarter, with broad based growth across categories and further improvement in margins. We remain positive about the mid-term outlook of the industry and will continue to invest strongly in our core brands and developing categories of the future," said company Chairman Harish Manwani in a statement.
 
"There are early signs of commodity cost inflation and we will further sharpen our focus on cost effectiveness programs and manage our business dynamically for competitiveness and sustained profitability,” he added.