简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:BENGALURU, Oct 19 (Reuters) - Indias Hindustan Unilever (HUL) (HLL.NS) reported a bigger-than-expect
BENGALURU, Oct 19 (Reuters) - Indias Hindustan Unilever (HUL) (HLL.NS) reported a bigger-than-expected increase in quarterly profit on Thursday as the company benefited from increased sales from its beauty, home, and personal care segments.
The Indian unit of UKs Unilever (ULVR.L) reported a 3.9% rise in profit to 27.17 billion rupees ($326.5 million)for the three months to September 30 from a year earlier.
Analysts, on average, had expected a profit of 26.01 billion rupees, per LSEG data.
The Dove soap maker said its underlying sales within home care, and beauty and personal care (BPC) segments grew 3% and 4% respectively. HUL makes soaps, toothpaste, tea and biscuits under brands such as Lipton, Pepsodent, and Lifebuoy.
The company, however, said volume growth within its food and refreshment business declined in the mid-single digits.
Demand in urban centres made up for subdued rural buying, hamstrung by high inflation through the last year.
\“Demand is likely to continue a gradual recovery with tailwinds from the upcoming festive season, sustained buoyancy of services and governments thrust on capex,\” Chief Executive Rohit Jawa said in a statement.
Parent Unilever will report its third-quarter results on October 26.
Earlier in the day, Maggi instant noodles-maker Nestle India (NEST.NS) posted a third-quarter profit beat, while tobacco-to-hotels conglomerate ITC (ITC.NS) is expected to report later.
Shares of HUL ended unchanged ahead of its results, taking its year-to-date loss to 0.5%. In comparison, the Nifty FMCG index (.NIFTYFMCG) rose nearly 19% from last year.
($1 = 83.2212 Indian rupees)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.