“In September quarter, we delivered 15 per cent Underlying Sales Growth, our highest in the last 14 quarters, with Turnover of Rs 18,071 crores. Underlying Volume Growth was strong at 7 per cent reflecting sustained momentum driven by our focus on crafting desirable brands and strengthening future-fit Go-to-Market,” she said in a statement.
“We continue to invest in building longterm capabilities and remain anchored to the ‘Winning in New India’ strategy of delivering competitive, volume-led profit growth,” Nair said.
HUL’s Profit After Tax before exceptional items grew 9 per cent year-on-year reflecting our focus on competitive, volume-led profit growth. Reported Profit After Tax at Rs 2,796 crores was flat due to one-off tax related gains of Rs 273 crores in exceptional items in base period. Total expenses jumped 16 per cent.
Focused market development and calibrated pricing actions boosted penetration and supported volume resilience in the Homecare segment, the company said.
Consolidated EBITDA Margin to be within the current guided range of 22-24 per cent, HUL said.