HUL's revenue, net profit, volume surge in Dec quarter as demand picks up

Volume growth at 4%; urban markets buoyant

Hindustan Unilever (HUL), the country’s largest consumer goods company, saw its profit, revenue, and volume for the quarter ended December 31, 2020 (Q3) rise as demand improved steadily across markets. This is the first quarter since the Covid-19 lockdown last year when urban markets have shown buoyancy, analysts tracking the company said, pointing to a gradual recovery in sentiment in cities, which were most impacted by the pandemic. The stock fell 0.34 per cent to end the session at 2,390.

HUL derives 60 per cent of its sales from urban areas and the rest from rural areas. Rural demand, said HUL