Home / Companies / Results / HUL beats Street expectations in Sept quarter, net profit rises 22.2%

HUL beats Street expectations in Sept quarter, net profit rises 22.2%

Net profit rises 22.2% on 16.1% increase in revenue

HUL’s foods and refreshments category grew 5 per cent in Q4, aided by beverages and ice-cream.

Premium

HUL’s reported numbers were better than industry growth. The company’s volume growth stood at 4 per cent in the quarter compared with a decline of 6 per cent for the industry

Sharleen D’Souza Mumbai

3 min read Last Updated : Oct 21 2022 | 11:59 PM IST

Hindustan Unilever (HUL) — one of the country’s largest fast-moving consumer goods (FMCG) majors — registered a 22.2 per cent year-on-year (YoY) increase in net profit in the July-September quarter (Q2), beating Street expectations despite sustained weakness in rural markets.

The company registered a volume growth of 4 per cent during the quarter. While the net profit rose to Rs 2,665 crore from Rs 2,181 crore in the year-ago period, revenue increased 16.1 per cent to Rs 15,144.0 crore, as against Rs 13,046.0 crore during this time.

Sanjiv Mehta, MD and CEO, HUL, said in a conference call, “According to Nielsen, the

Topics : HUL results Q2 results HUL Hindustan Unilever FMCG companies FMCG sector Consumer goods FMCG HUL Hindustan Unilever HUL Hindustan Unilever Ltd

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in