FMCG giant Hindustan Unilever Limited (HUL) released its quarterly earnings report for Q3 FY22. The company reported a 18.6% YoY increase in its PAT at Rs 2,300 crore from Rs 1,938 crore in Q3 FY21 while the figure jumped 5% QoQ jump from Rs 2,185 crore in the previous quarter.
The company reported a 10.2% YoY increase in its consolidated revenue from operations at Rs 13,223 crore from Rs 11,989 crore in the year ago period. On a QoQ basis, the company reported a meagre jump of 3% QoQ in its revenue from operations from Rs 12,831 crore in Q2 FY21.
However, the total income of HUL largely remained flat with a 3% QoQ jump at Rs 13,499 crore from Rs 13,099 crore in the corresponding quarter in the previous financial year. On a YoY basis, the total income increased by 10% from Rs 12,235 crore in Q3 FY21.
The soap-to-shampoo company’s performance beat analyst estimates with demand picking up across market segments. Additionally, the EBITDA margin for the quarter under review stood at 25.4%, an increase of 100 base points compared to the year ago period.
HUL’s scrip closed in the red at Rs 2,261.8 per share after taking a 2.08% dip ahead of its quarterly earnings report at the end of the intraday trading session on January 20, 2022.
Sanjiv Mehta, Chairman and Managing Director, HUL said, “We have delivered a strong and resilient performance in the quarter despite moderation in market growths and significant levels of commodity inflation. I am particularly pleased that the growth is extremely competitive with our market share gains being highest in more than a decade. Our performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business.
In the near-term, the operating environment will continue to remain challenging. In this scenario, we will manage our business with agility, continue to grow our consumer franchise whilst maintaining our margins in a healthy range. We remain confident of the medium to long term potential of the Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth.”
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