Moneycontrol
Last Updated : Jan 18, 2018 08:00 AM IST | Source: Moneycontrol.com

HUL Q3 beats estimates: PAT up 28% at Rs 1,326 cr; volume growth at 11%

The company’s revenues grew over 14 percent at Rs 8,590 crore against Rs 7,512 crore year on year.

Fast-moving consumer goods (FMCG) major, Hindustan Unilever’s (HUL) December quarter performance beat the Street expectations on multiple parameters.

The company’s net profit grew over 27 percent at Rs 1,326 crore against Rs 1,038 crore posted during the same period last year. A poll of analysts by CNBC-TV18 pegged this figure to be at Rs 1,156 crore.

Meanwhile, the company’s revenues grew over 14 percent at Rs 8,590 crore against Rs 7,512 crore year on year.

At the operating level, the earnings before interest, taxes, depreciation and amortisation (EBITDA) grew at a whopping 44.6 percent at Rs 1,680 crore against Rs 1,162 crore year on year. Meanwhile, the EBITDA margin came in at 19.6 percent against 15.5 percent year on year.

The company posted a huge jump in its volume growth to 11 percent against 4 percent quarter on quarter, while on a yoy basis, it had shown a negative volume growth of 4 percent.

“We have delivered another strong performance in the quarter, with broad based growth across categories and further improvement in margins. We remain positive about the mid-term outlook of the industry and will continue to invest strongly in our core brands and developing categories of the future. There are early signs of commodity cost inflation and we will further sharpen our focus on cost effectiveness programs and manage our business dynamically for competitiveness and sustained profitability,” Harish Manwani, Chairman of the firm said in a statement.

The stock touched a fresh 52-week high during the day’s trade in the run up to results. It ended at Rs 1,371.85, down Rs 9.45, or 0.68 percent.
First Published on Jan 17, 2018 04:05 pm

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