HUL Q3 Results: Net profit rises 16.8% YoY to Rs 2,243 crore, in line with estimates

HUL Q3 Results: Consumer goods company, Hindustan Unilever Limited announced its results for the quarter ended 31st December 2021 (Q3FY22).

According to the official press release from hul.co.in, growth in the quarter was competitive and profitable with Domestic Consumer Growth of 11% and Profit After Tax (PAT) growth of 17%. Companies Business fundamentals remained strong with handsome market share gains in all our divisions, both urban and rural markets and across price segments. Underlying Volume Growth at 2% was significantly ahead of the market.

The subsidiary of Unilever, a British company reported its profit or loss category wise-breakup:-

HUL Q3 Results: Sector wise-breakup:-

Home Care:

Home Care growth at 23% was broad-based with a strong performance in Fabric Wash and Household Care. 

Beauty & Personal Care:

Beauty & Personal Care grew 7% led by Skin Cleansing, Skin Care and Colour Cosmetics. Skin Cleansing delivered double-digit growth driven by strong performance in ‘Lux’, ‘Dove’ and ‘Pears’. 

Foods & Refreshment:

Foods & Refreshment grew 3% on a very high prior-year comparator, driven by solid performance in Tea and Ice-creams. 

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Operating margins:

EBITDA margin at 25.4% improved 100 bps YoY. PAT at Rs. 2,243 Crores increased by 17% year-on-year. Profit after tax before exceptional items at Rs. 2,292 Crores was up 17%. 

Sanjiv Mehta, Chairman and Managing Director commented: ‘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, 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 Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth.‘