HUL net up 8.13% amid ‘low-growth’

The company’s net sales during the quarter stood at Rs 7,465.54 crore, up 10.64 per cent compared with Rs 6,747.2 crore during the same period last year.

By: ENS Economic Bureau | Mumbai | Published:October 28, 2014 1:59 am

Hindustan Unilever Ltd (HUL) on Monday reported a 8.13 per cent increase in standalone net profit at Rs 988.16 crore for the quarter ended September 2014-15 as against a profit of Rs 913.8 crore in the same period a year ago.

The company’s net sales during the quarter stood at Rs 7,465.54 crore, up 10.64 per cent compared with Rs 6,747.2 crore during the same period last year. Commenting on the quarterly result, HUL chairman Harish Manwani said, “In a low-growth environment, our emphasis on market development and innovations have helped deliver another quarter of … growth and a healthy improvement in operating margins.”

The demand for FMCG products continues to remain soft and despite headwinds, the company has delivered competitive growth, HUL CFO PB Balaji said. “There is a lag of 2-3 quarters between economic indicators such as GDP and inflation numbers improving and sales of FMCG products. We remain positive about our medium to long-term growth outlook,” he said.

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