HUL posts stellar Q3 performance
FMCG major Hindustan Unilever posts stellar bottom-line performance. The company's quarterly results showed growth in the home care and personal care segments.
The revenue for the quarter rose by 2.4 per cent yoy to Rs. 8,323 crore in Q3FY17 compared to Rs.8199 crore in Q3FY18. The revenue growth was largely aided by 2 per cent yoy rise in home care segment and 3 per cent rise in personal care. EBITDA for the quarter rose by 21.6 per cent to Rs. 1413 crore compared to Rs. 1,162 crore in previous year corresponding quarter. Also, margin expanded by 270 bps to 17 per cent compared to 14.3 per cent in the previous year's corresponding quarter.
The bottom-line also showed robust performance for the quarter, which rose by 27 per cent yoy to Rs. 1,326 crore compared to Rs. 1,038 crore in the previous year's corresponding quarter.
The stellar quarterly performance was led by a double-digit volume growth in home care segment across categories. Further, management gave a positive medium-term outlook for the industry and promised to continue investing in strong core brands and developing categories of the future. Also, the company feels that the prospects of commodity cost inflation will sharpen its focus on cost-effectiveness programme.
The stock opened today on the bourses by touch fresh high of Rs.1405 and currently trading marginally down at Rs.1370 mark.