Mumbai: Hindustan Unilever (Hul) has reported a 17 percent growth in independent profit after tax at Rs 2,243 Crore during the third quarter which ended December 31, 2021, while domestic consumer growth was 11 percent.
This growth is mainly driven by price increases taken during the quarter to combat inflationary pressure.
The company said the business fundamentals remained strong “with the benefits of handsome market share in all our divisions, both urban and rural markets and cross-segment prices”.
The underlying volume growth at 2 percent, however, the lowest in four quarters.
In an unprecedented inflation context, the company said in a statement, he has continued to manage our business dynamically encourage harder savings in all P & L lines and take pricing measures calibrated using the principles of net income management.
Hul, cmd, Sanjiv Mehta, said: “We have provided strong and resilient performance in the quarter despite moderation in market growth and significant commodity inflation rates.
I am very happy that the growth is very competitive with the advantages of our highest market share in more than one Decade.
Our performance reflects our strategic clarity, our brand strength, operational excellence, and dynamic financial management of our business.
“Mehta said in the operating environment, the operation would continue to remain challenging.
“In this scenario, we will manage our business with agility, continue to grow our consumer franchises while maintaining our margins in a healthy range.
We remain confident with long-term potential for the long-term Indian FMCG sector and Hul’s ability to provide consistent, competitive growth , profitable and responsible, “said Mehta.