HUL Q3 Profit: On the Q3 FY24 results Rohit Jawa, CEO and managing director commented, "HUL has delivered another quarter of resilient performance with strong operating fundamentals amidst a challenging operating environment. Our focus on providing the right consumer value, excellence in execution, increased investments behind brands and capabilities, premiumisation and market development continues to serve us well. Looking forward we expect gradual recovery in market demand to continue aided by increased Government spending, recovery in winter crop sowing and better crop realization."
HUL Q3 results preview: HUL expected to report muted Q3 numbers with 6% YoY growth in net profit to Rs 2,653 crore, and 1% growth in revenue to Rs 15,378 crore. Volume growth is affected by uneven rainfall and subdued rural demand. Price cuts in the soaps category are likely to weigh on topline. EBITDA is expected to rise 4% YoY to Rs 3,672 crore. Higher advertising spending and an increase in royalty payment to parent Unilever Plc will impact margins.
FMCG major Hindustan Unilever Ltd on Thursday reported an 18.68 per cent increase in consolidated net profit to Rs 2,300crore for the third quarter ended December 2021.