FMCG major Hindustan Unilever (HUL) has reported 14.20 per cent YoY rise in net profit of Rs 1,351 crore for the March quarter, marginally beating Rs 1,330-crore forecast by analysts in an ETNow poll.
The firm had reported Rs 1,183 crore profit in the year-ago quarter.
Sales for the quarter came in at Rs 9,003 crore, up 2.62 per cent YoY over Rs 8,773 crore in the same quarter last year. Analysts had anticipated Rs 8,868 crore revenue in an ET Now poll.
Volume growth for the quarter stood at 11 per cent, the company said in a BSE filing.
Ebitda for the quarter rose 24 per cent to Rs 2,048 crore from Rs 1651 crore in the corresponding quarter last year.
Ebitda margins for the quarter improved by 160 basis points led by strong savings programme.
"Despite a step up in competitive intensity, we have delivered another strong performance for the quarter and the year. Growth and improvement in profitability have been sustained through a combination of winning innovations and a relentless focus on operational efficiencies," said Chairman, Harish Manwani.
“We see gradual improvement in demand in the near term,” he added.
The company has declared a final dividend of Rs 12 per share.