Hindustan Unilever Ltd Q3 net profit up 16% at Rs 871 cr

Jan 22 2013, 20:55 IST
Comments 0
FMCG major Hindustan Unilever Ltd today reported a 15.59 per cent jump in net profit.  (Reuters) FMCG major Hindustan Unilever Ltd today reported a 15.59 per cent jump in net profit. (Reuters)
SummaryHUL had posted a net profit of Rs 753 cr during same period of previous fiscal.


However, Angel Broking FMCG Research Analyst V Srinivasan said: "HUL has delivered a disappointing set of numbers..with 5 per cent underlying volume growth for the domestic consumer business being the lowest in three years."

Shares of HUL today closed at Rs 481.55 on the BSE, down 2.88 per cent from their previous close after falling 5 per cent intra-day. In anticipation of earnings, the HUL counter had rallied to Rs 505.40 intra-day.

The company said its domestic consumer business grew at 15 per cent during the third quarter ended December 31, 2012, as compared to the same period of previous fiscal.

"The business is consistently winning in the marketplace by remaining sharply focused on the needs of our large consumer base and successfully leveraging Unilever's strong global innovation pipeline and best practices," Manwani added.

During the period under review, the company's sales of soaps and detergents grew by 20 per cent as against the same period of 2011-12 fiscal.

Other segments like personal care products and beverages grew by 13 per cent and 18 per cent respectively, the company said.

Stocks More on Hindustan Unilever

Company INFO More on Hindustan Unilever

Hindustan Unilever Q3 rises, shares fall on higher royalties

MUMBAI, Jan 22 (Reuters) - Hindustan Unilever Ltd (HUL) , India's largest consumer goods maker, reported a 16 percent jump in third-quarter net profit, but low volume growth and a rise in royalty payments knocked its shares down as much as 5 percent.

Less discretionary spending among consumers cut sales of products such as packaged foods and personal care items, but higher prices and lower raw material costs aided margins.

The Indian unit of Anglo-Dutch conglomerate Unilever Plc said its net profit rose to 8.7 billion rupees ($161.7 million) for the fiscal third quarter ending Dec. 31, from 7.5 billion rupees a year earlier.

HUL's shares have fallen over 10 percent in the December quarter partially on concerns it may have to pay more in royalties, in line with Unilever in Indonesia, a move the company confirmed on Tuesday.

The royalty HUL pays to its parent company for use of its trademarks will gradually increase by March 2018 to around 3.15 percent of turnover, from the current 1.4 percent, it said in a statement.

The Indian company, valued at $19.5 billion, makes popular brands including skin creams Fair and Lovely, Sunsilk shampoo, Lux soap and Kissan ketchup.

Analysts had estimated a profit of

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...