Increase in earnings Hindustan Unilever Q3 .
The main consumer products on Wednesday a 28 percent increase in its net profit for the fiscal third quarter to Rs1,326 crore even as its revenue grew 11.4 percent to Rs8, 590 million rupees during the quarter. Hindustan Unilever Q3 says it has proactively disclosed to CBEC an amount of Rs 119 crore in this count and has offered to pay suo motu to the government.
We firmly believe that, as a responsible company, our duty is to be transparent and what belongs to the consumer must go to the consumers. ‘As soon as we receive an order / details from the authorities, we will transfer the benefits to the consumers’. ‘We are waiting for your guidance to carry this forward’.
The company reduced the maximum retail price (MRP) and increased the weight for more than 800 units of stock maintenance (SKU) and products with new prices have already reached the market. “We have achieved another great performance in the quarter, with broad growth in all categories and further improvement in margins,” said HUL President Harish Manwani.
The company received the notice (DGS) but does not give any details, said Mehta.
HUL said its sales volume growth improved as the economy and companies recovered from the impact of demonetization and in part due to the launch of GST since July 2017.
The largest consumer goods company in the country (HUL) on Wednesday reported an annual increase of almost 28 percent in the quarter October-December 2017-18 (Q3FY18), leaving behind the challenges of goods and Implantation of the tax on services (GST) ‘Commercial conditions are normalizing.’ Currently, almost 95 percent of its products in the market come with the new price (based on new GST rates), he added.
There is a gradual improvement in demand across categories. “Growth in skin care was driven by the strong performance of Fair & Lovely,” the company said. The personal care segment rose 2.76 per cent to Rs 4,090 crore against Rs 3,980 crore in the corresponding previous period, led by key brands such as Dove and Pears.
While the EBITDA margin (profit before depreciation and amortization of interest tax) increased 110 basis points annually in Q3FY18