Published
Apr 27, 2023
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Hindustan Unilever’s Q4 net profit jumps 10 percent to Rs 2,552 crore

Published
Apr 27, 2023

Hindustan Unilever Limited (HUL) reported a 10 percent rise in net profit to Rs 2,552 crore ($312.4 million) for the March quarter of financial year 2023, as against Rs 2,327 crore in the corresponding quarter of the previous financial year.


Hindustan Unilever’s Q4 net profit jumps 10 percent to Rs 2,552 crore - HUL - Facebook


The company’s revenue for the quarter rose by 11 percent to Rs 15,053 crore, as against Rs 13,584 crore reported in the year-ago period.

HUL attributed the rise in profit to higher demand for its home, beauty, and personal care products. The revenue for the home care segment stood at Rs 5,637 crore while the revenue for beauty and personal care was Rs 5,257 crore.

Commenting on the results, Sanjiv Mehta, CEO managing director of HUL in a statement said, “In challenging circumstances of geopolitical uncertainties, high commodity inflation and tepid market growths, I am pleased that we have delivered yet another year of strong and resilient performance.”

“The near-term operating environment is likely to remain volatile. With inflation easing due to lapping of high base and sequential softening in a few commodities, price and volume growths will rebalance. Market volumes will recover gradually as consumption habits readjust. We remain focused on managing our business with agility and growing our consumer franchise whilst maintaining margins in a healthy range,” he added.

Hindustan Unilever Limited is India’s largest consumer goods company with a strong presence in the beauty and personal care segment.

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