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Hindustan Unilever's Q3 net profit up 9%
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SME Times News Bureau | 18 Jan, 2019
FMCG major Hindustan Unilever (HUL) on Thursday reported an increase of 9
per cent in its net profit for the quarter ended December 31, 2018.
According
to the company, its net profit during the quarter under review rose to
Rs 1,444 crore from Rs 1,326 crore reported for the corresponding period
last year.
Besides, the company reported that its "Domestic
Consumer Growth" was 13 per cent with "Underlying Volume Growth" at 10
per cent.
The company's EBITDA (Earnings before Interest, Tax,
Depreciation and Amortization) margin was up 170 basis points and profit
after tax (before exceptional items) grew 17 per cent.
"We have
delivered another strong performance in the quarter, with double-digit
volume growth and improvement in margins. Our focus on strengthening the
core and leading market development by tapping into emerging trends has
been yielding results across categories," said Sanjiv Mehta, Chairman
and Managing Director, HUL.
"In the near term, demand is likely
to be stable. We will keep a close watch on the macro-economic
environment and respond with agility. We remain focused on our strategic
agenda of delivering 'Consistent, Competitive, Profitable and
Responsible' growth."
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