Hindustan Unilever profit rises 12% To Rs 2,505 Crore in December quarter

The country's largest fast moving consumer foods (FMCG) maker, Hindustan Unilever (HUL), on Thursday reported standalone net profit of Rs 2,505 crore for quarter ended December 2022.

That marked an upside of 12 per cent from Rs 2,243 crore during the same quarter last year.

Its revenue from sale of products advanced 16 per cent to Rs 14,986 crore from Rs 12,900 crore during the same period last year.

Earnings before interest, tax, depreciation and amortization (EBITDA) or operating profit for the quarter came in at Rs 3,537 crore compared with Rs 3,279 crore in the year ago period.

EBITDA margin came at 23.6 per cent which was 180 basis points lower than what it reported in December quarter of 2021.

HUL's home care business posted revenue growth of 32 per cent and a double-digit volume growth.

Beauty & Personal Care grew 10 per cent. Skin Cleansing delivered strong double-digit growth with volumes growing in mid-single digit. 

HUL shares ended 1.36 per cent lower at Rs 2,650, underperforming the Sensex which fell 0.3 per cent.