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FMCG major Hindustan Unilever Ltd (HUL) has reported 14.2 per cent increase in its standalone net profit at Rs 1,351 crore for the fourth quarter ended March 31, mainly on the back of volume growth.
The company had posted a net profit of Rs 1,183 crore in the January-March period a year ago, HUL said in a BSE filing today.
Net sales during the quarter under review stood at Rs 9,003 crore, up 2.62 per cent, against Rs 8,773 crore in the corresponding period of the last fiscal.
“During the quarter, our comparable domestic consumer growth was 16 per cent with underlying volume growth at 11 per cent. Comparable EBITDA margin was up 160 bps and net pofit at Rs 1,351 crores grew by 14 per cent,” HUL said in a statement.
The company’s total expenses during the quarter declined 2.28 per cent to Rs 7,181 crore compared with Rs 7,349 crore. HUL shares today settled at Rs 1,504.95 apiece on the BSE, down 0.09 per cent from the previous close.
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