HUL Q3 Results: Profit Rises 19%, Volume Growth At 4% As Demand Picks Up
Jan 27 2021, 9:27 PM
January 27 2021, 4:30 PM
January 27 2021, 9:27 PM
Hindustan Unilever Ltd.âs quarterly profit, revenue and volumes rose as the nation continued to lift the lockdown curbs.Net profit of Indiaâs largest consumer goods company rose 18.8% over the year earlier to Rs 1,921 crore in the quarter ended December, according to an exchange filing. That compares with the Rs 2,052.5-crore consensus estimate of analysts tracked by Bloomberg. The bottom line was also aided by HULâs acquisition of H.
Hindustan Unilever Ltd.âs quarterly profit, revenue and volumes rose as the nation continued to lift the lockdown curbs.
HUL announces key appointment to its Management Committee
Posted On: 2021-01-27 07:38:04 (Time Zone: Arizona, USA)
Hindustan Unilever Limited (HUL) today announced the appointment of Ritesh Tiwari as Executive Director, Finance & Chief Financial Officer and a member of the Board, HUL with effect from May 1, 2021, subject to necessary government approvals. He will also take over as the Vice President Finance, South Asia, Unilever.
Ritesh Tiwari joined HUL as a management trainee in 1999 after completing his Chartered Accountancy from ICAI. Over the last 21 years, he has led a variety of teams, both within India and across Unilever in core finance and as a business partner to front-end sales, categories and supply chain. He is currently the VP Finance - Global Performance management and is based out of the United Kingdom.
At meeting held on 27 January 2021The Board of Hindustan Unilever at its meeting held 27 January 2021 has approved the appointment of Ritesh Tiwari, presently, VP Finance - Global Performance Management as Executive Director Finance and CFO of the company to succeed Srinivas Phatak, presently Executive Director Finance & IT and CFO of the company, who has been appointed as EVP Financial Control and Risk Management, Unilever. The changes are effective from 01 May 2021.
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HUL net profit rises 19% in Q3
January 27, 2021 Hindustan Unilever Limited on Wednesday posted a consolidated net profit of ₹1,938 crore in the third quarter ended December 31, 2020, a 1.82 per cent dip compared to the preceding quarter of the year. It had posted a consolidated net profit of ₹1,974 crore in the second quarter of the fiscal year.
During the third quarter, the total income stood at ₹12,235 crore, a 3.89 per cent increase compared to the second quarter’s total revenue of ₹11,776 crore.
On a year-on-year basis, the consolidated net profit increased 18.82 per cent compared to the year-ago quarter consolidated net profit of ₹1,631 crore. The total income during the quarter under review increased 19.85 per cent y-o-y compared to Q3FY20’s total income of ₹10,208 crore.
HUL appoints Ritesh Tiwari as Chief Financial Officer
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Last Updated: Jan 28, 2021, 12:04 AM IST
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Synopsis Tiwari will succeed Srinivas Phatak who will move as EVP Financial Control and Risk Management, based out of Unilever s headquarters in London and be part of the Finance Leadership Executive Team, HUL said in a statement.
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Tiwari had joined HUL as a management trainee in 1999 and from last 21 years has led a variety of teams, both within India and across Unilever in core finance and as a business partner to front-end sales, categories and supply chain.
NEW DELHI: FMCG major HUL on Wednesday said it has appointed Ritesh Tiwari as Chief Financial Officer (CFO), while the incumbent Srinivas Phatak will move to parent firm Unilever s headquarters in London. Tiwari, currently VP Finance - Global Performance management, is based out of the United Kingdom.