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HUL Q3 FY2021 turnover up 20%, PAT grows 19% to Rs 1,921 cr
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January 27, 2021
A pedestrian walks past the Hindustan Unilever Limited (HUL) headquarters in Mumbai - REUTERS×
The December quarter results of HUL indicate that the recovery from the pandemic-induced slowdown is firmly in place. Domestic volumes grew by 4 per cent (excluding recently merged GSK Consumer and VWash) in the October-December 2020 period, a steady progress from the 7 per cent fall in volumes each of the three months ended March 2020 and June 2020 and the 1 per cent growth in the September quarter.
This was aided by broader participation from its business segments. Unlike the last two quarters, discretionary segments have picked-up well in the third quarter indicating a comeback in urban demand.