FMCG giant HUL Q3 profit climbs to Rs 1,921 crore

FMCG major Hindustan Unilever has posted a 19 percent year-on-year growth in profit at Rs 1,921 crore for the quarter ended December 2020 backed by strong revenue growth and operating income. The profit in corresponding period was at Rs 1,616 crore.

Consolidated revenue from operations grew by 21 percent to Rs 11,872 crore in Q3FY21 compared to Rs 9,808 crore reported in the same period last year.

The profit was estimated at Rs 2,050 crore on revenue of Rs 11,725 crore for the quarter, as per the average of estimates of analysts earlier.

HUL shares rallied 15.8 percent in the quarter ended December 2020, and gained 23.6 percent in the last calendar year. Hindustan Unilever share ended at Rs 2,391.30, down Rs 8.30, or 0.35 percent on the BSE.