HUL Q3 net up 12% to Rs 2,505 crore


MUMBAI: Hindustan Unilever (HUL) posted a standalone net profit of Rs 2,505 crore in the third quarter ended December 31, 2022, which marks a 12% increase over Rs 2,243 crore in the corresponding quarter of the previous year.
Given that there was a moderation in the inflation in Q3, total sales grew 16% to Rs 15,343 crore as against Rs 13,223 crore in the corresponding quarter last year, while the volume growth was 5%. The company said growth was ahead of the market with more than 75% of the business winning market shares.
EBITDA margin at 23.6% improved 30 bps versus the preceding September quarter 2022 and declined 180 bps YoY.
HUL’s CEO & MD, Sanjiv Mehta, said: “Sustaining our strong momentum, we had yet another quarter of solid all-round performance delivering double-digit revenue and earnings growth. Our consistent performance is reflective of our strategic clarity, strength of our brands, excellence in execution, and dynamic financial management.”
“Looking forward, we are cautiously optimistic in the near term and believe that the worst of inflation is behind us. This should aid in a gradual recovery of consumer demand. We remain focused on managing our business with agility, continue growing our consumer franchise whilst maintaining margins in a healthy range,” said Mehta.




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