INSUBCONTINENT EXCLUSIVE:
HUL's total expenses were at Rs 10,329 crore in Q3 FY2021-22.New Delhi: FMCG major Hindustan Unilever Ltd on Thursday reported an 18.68
of Rs 1,938 crore in the October-December period of the previous fiscal.Revenue from sales during the quarter under review stood at Rs
13,196 crore, up 10.25 per cent, as against Rs 11,969 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a
regulatory filing.HUL's total expenses were at Rs 10,329 crore in Q3 FY2021-22 as against Rs 10,129 crore earlier."Business fundamentals
remained strong with handsome market share gains in all our divisions, both urban and rural markets and across price segments
Underlying Volume Growth at 2% was significantly ahead of the market," HUL said in a post-earning statement.HUL CMD Sanjiv Mehta said the
company has delivered a strong and resilient performance in the quarter despite moderation in market growth and significant levels of
commodity inflation."I am particularly pleased that the growth is extremely competitive with our market share gains being highest in more
Our performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of
our business," he said.However, he added that in the near-term, operating environment will continue to remain challenging."In this scenario,
we will manage our business with agility, continue to grow our consumer franchise whilst maintaining our margins in a healthy range
We remain confident of the medium to long term potential of Indian FMCG sector and HUL's ability to deliver a Consistent, Competitive,
Profitable and Responsible growth," Mehta added.Shares of HUL on Thursday settled at Rs 2,261.60 on BSE, down 2.13 per cent from the
previous close.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated
