High input costs drag HUL Q4 net down 2%
Hindustan Unilever reported a lower-than-expected net profit of Rs 569 crore for the fourth quarter (January-March), down 2% year-on-year due to surge in cost of raw materials and higher exceptional gains in the year-ago quarter.
Moneycontrol Bureau
Hindustan Unilever reported a lower-than-expected net profit of Rs 569 crore for the fourth quarter (January-March), down 2% year-on-year due to surge in cost of raw materials and higher exceptional gains in the year-ago quarter.
Excluding exceptional items and interest, HUL's profit was up 12.8% on year to Rs 646.85 crore.Its net sales for the three-month period were up higher-than-expected 13.5% year-on-year to Rs 4,899 crore, aided by some price hikes and good volume growth.The FMCG (fast moving consumer goods) company said it was able to pass on some price hikes to consumers and expects pressure from high input costs and intensifying competition to continue going ahead. HUL
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