FMCG major Hindustan Unilever Ltd (HUL) witnessed a 13 percent rise in consolidated net profit at Rs 2,190 crore ($295.7 million) for the fourth quarter ended March 31, as against Rs 1,938 crore it had posted in the year-ago period.
The company’s total income for the quarter stood at Rs 12,542 crore, as against Rs 12,235 crore in the corresponding period last year.
For the financial year 2020-21, HUL’s net profit grew by 18 percent at Rs 7,999 crore, as compared to Rs 6,756 crore in 2019-20, while its revenue grew to Rs 47,438 crore, as against Rs 40,415 crore in FY20.
Commenting on the financial results, HUL chairman and managing director, Sanjiv Mehta, in a statement said: “Our in-quarter performance was strong on both the top-line and bottom-line. Despite challenging times, in FY’21 our business ecosystem has withstood the disruption and demonstrated agility and resilience across the value chain.”
“We have delivered on our multi-stakeholder business model. Our purpose-led brands and capabilities were further strengthened during the year and this positions us well to serve our consumers during this turbulent period. The company’s focus firmly remains behind delivering volume-led competitive growth,” Mehta added.
HUL is one of the largest players in India’s FMCG space with a strong presence in home care, beauty, and personal care segments.
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