Chennai: Hindustan Unilever The company on Thursday reported a nearly 10% jump in fourth-quarter profit due to higher demand for its home, beauty and personal care products.
Dove Soapmaker’s profit rose to 25.52 billion rupees ($313 million) in the quarter ended March 31, from 23.27 billion rupees a year earlier. theirIndian Branch in UK unilever said in an exchange filing.
HUL had said earlier this year that its revenue growth in the March quarter would be driven by higher prices of products in its portfolio. Its value growth was 7% in the quarter, while sales volume expanded 4%.
The Surf and Rin detergent maker’s product sales rose to Rs 146.38 billion from Rs 131.9 billion a year ago.
Revenue from its top two businesses — home care and beauty and personal care — climbed 19 and 10%, respectively.
The outgoing chief executive said, “With inflation coming down… market volumes will gradually recover as consumption habits readjust.” sanjeev mehta said in a statement. Insider Rohit Jawa will replace him later this year.
Hindustan Unilever shares fell 1.2% after earnings, taking its total decline this year to over 3%.
Dove Soapmaker’s profit rose to 25.52 billion rupees ($313 million) in the quarter ended March 31, from 23.27 billion rupees a year earlier. theirIndian Branch in UK unilever said in an exchange filing.
HUL had said earlier this year that its revenue growth in the March quarter would be driven by higher prices of products in its portfolio. Its value growth was 7% in the quarter, while sales volume expanded 4%.
The Surf and Rin detergent maker’s product sales rose to Rs 146.38 billion from Rs 131.9 billion a year ago.
Revenue from its top two businesses — home care and beauty and personal care — climbed 19 and 10%, respectively.
The outgoing chief executive said, “With inflation coming down… market volumes will gradually recover as consumption habits readjust.” sanjeev mehta said in a statement. Insider Rohit Jawa will replace him later this year.
Hindustan Unilever shares fell 1.2% after earnings, taking its total decline this year to over 3%.