() on Tuesday reported an 11.06 per cent year-on-year (YoY) jump in profit after tax at Rs 2,289 crore compared with Rs 2,061 crore in the same quarter last year.
An ET NOW poll of analysts had anticipated the profit figure at Rs 2,185 crore.
Revenues from operations jumped 19.48 per cent YoY to Rs 14,016 crore compared with Rs 11,730 crore in the corresponding quarter last year.
The FMCG major logged a 6 per cent volume growth for the quarter. In a press release, the company said it continued to grow significantly ahead of the market, gaining value and volume market shares. Ebitda margin for the quarter came in at 23.2 per cent, despite unprecedented inflationary headwinds.
The company said its Home Care segment delivered 30 per cent growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits, with all parts of the portfolio performing well, it said.
The Beauty & Personal Care segment reported growth of 17 per cent. Hair Care grew in high double-digits, led by strong performance in the premium portfolio.
Soaps delivered price-led double-digit growth driven by strong performance in Lux, Dove and Pears, the company said.
“Skin Care and Color Cosmetics delivered strong YoY growth on a soft base. Premium portfolio in Skin Care performed well and is significantly ahead of pre-Covid levels. Calibrated pricing actions were taken across the portfolio to offset the impact of record inflation in input costs,” HUL said.
The Foods & Refreshment segment, meanwhile, grew 9 per cent driven by Ice-cream, coffee and food solutions. The ice cream had a very strong quarter broad-based across brands and formats, taking it significantly ahead of pre-Covidlevels, HUL said.
“Tea delivered steady performance and cemented its market leadership. Coffee had a strong quarter growing in double-digit. Health Food Drinks continued to gain market share and penetration on the back of focused market development actions. Foods grew in double-digits led by Jams,” it said.
CEO and Managing Director, Sanjiv Mehta, said his company delivered a quarter of robust topline and bottom-line performance.
“We have grown competitively whilst protecting our business model by maintaining margins in a healthy range. While there are near-term concerns around inflation, the recent softening of commodities, forecast of a normal monsoon, and monetary/ fiscal measures taken by the government augur well for the industry,” Mehta said.
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