Home Big Grid HUL posts 13% rise in Q4, FY21 net profit

HUL posts 13% rise in Q4, FY21 net profit

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FMCG major Hindustan Unilever Ltd (HUL) has reported a 13 per cent increase in consolidated net profit at Rs 2,190 crore for the fourth quarter ended March 31, riding on strong volume growth.

The company had posted a consolidated net profit of Rs 1,938 crore in the same period of the previous fiscal, it said.

The company’s consolidated total income stood at Rs 12,542 crore, as against Rs 12,235 crore in the year-ago period.

For the fiscal 2020-21, the company said its consolidated net profit was at Rs 7,999 crore, as compared to Rs 6,756 crore in 2019-20, a growth of 18 per cent. Consolidated total income for FY21 was at Rs 47,438 crore, as against Rs 40,415 crore in FY20, the company said.

“Our in-quarter performance was strong on both the top-line and bottom-line. Despite challenging times, in FY’21 our business ecosystem has withstood the disruption and demonstrated agility and resilience across the value chain,” PTI quoted HUL chairman and managing director Sanjiv Mehta as saying.

“The recent surge in Covid cases is of serious concern and ensuring safety and wellbeing of people remains our top priority,” he said adding HUL would continue to work closely with governments, health authorities and its partners to support the needs of the society and the nation to overcome this adversity.