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HUL Q3 profit climbs 19% to Rs 1,921 crore, revenue rises 21%

HUL shares rallied 15.8 percent in the quarter ended December 2020, and gained 23.6 percent in the last calendar year.

January 27, 2021 / 04:44 PM IST
 
 
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FMCG major Hindustan Unilever on January 27 has posted a 19 percent year-on-year growth in profit at Rs 1,921 crore for the quarter ended December 2020 backed by strong revenue growth and operating income. The profit in corresponding period was at Rs 1,616 crore.

"We have significantly dialed up investments behind our portfolio and in building future-fit capabilities. Net revenue management and savings agenda has enabled us drive healthy bottomline," said the company.

Consolidated revenue from operations grew by 21 percent to Rs 11,872 crore in Q3FY21 compared to Rs 9,808 crore reported in the same period last year, with domestic volume growth of 4 percent.

"Domestic consumer growth (excluding the impact of merger of GSK CH and acquisition of ‘VWash’) grew at 7 percent. Higher mobility, consumer relevant innovations and investments behind market development are driving business momentum," HUL said in its BSE filing.