HUL Q3FY22 Result: FMCG giant reports 17% jump in standalone net profit to Rs 2,243 cr

FMCG giant Hindustan Unilever on Thursday reported 16.76 per cent jump in its standalone net profit for the quarter ended December year-on-year (YoY) to Rs 2,243 crore from Rs 1,921 crore in the same quarter last year. 

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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%.  

"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," Sanjiv Mehta, Chairman and Managing Director, said on q3 earnings.

Home Care growth stood at 23% and was broad based with strong performance in Fabric Wash and Household Care, said the company.  

Besides, beauty & personal care grew by 7% led by skin cleansing, skin care and colour cosmetics, it said. Foods & Refreshment segment also saw 3% jump driven by performance in Tea and Ice-creams. "Tea continued its robust performance and grew competitively on a strong base delivering high teens 2Y CAGR. Focus on market development actions in Health Food Drinks has resulted in handsome market share and penetration gains," said HUL in regulatory filing.