The  company’s  total  revenue  was Rs 15,473 crore in the third quarter, up  0.10%  from Rs 15,456 crore in the  previous  quarter.  

 Hindustan Unilever Limited (HUL)  reported a  standalone net profit of Rs 2,519 crore in the December quarter of financial year 2023-24 (FY24),  up  just  0.55%  from Rs 2,505 crore in the same  period  of the  financial  year before .

 Further, the company reported a 7.28 per cent  sequential decline  in profit  from Rs 2,717 crore in the previous quarter, HUL said in a regulatory filing on Friday. 

  The  company’s  total  revenue  was Rs 15,473 crore in the third quarter, up  0.10%  from Rs 15,456 crore in the  previous  quarter. The FMCG  category  reported  a sequential decline in total revenue growth of  0.55 per  cent,  from Rs 15,559 crore in the September quarter.  “HUL  delivered another quarter of resilient performance  driven by  strong operating fundamentals  in  a challenging operating environment.  Rohit Jawa, Chairman, Managing Director and CEO, HUL said, “Our  focus on  delivering  the right  value to consumers, execution excellence,  increased investments  in Brands  and capabilities,  premiumization  and market development  continue  to serve us  well.”  

  Increased  government spending,  continued winter crop planting and better harvests are likely to contribute to a gradual  recovery in  market demand,  he added, stressing  that rural income  growth  and  Winter  crop yields are  the  “key factors”  determining  the pace of recovery. 

  “Against  this  backdrop,  our  goal  remains  to drive  competitive volume growth  while increasing  investment  in  our brands and  our  long-term strategic priorities. We remain confident  in  the  medium  to long-term potential of  the  Indian FMCG  industry  and HUL remains well-positioned to unlock this opportunity  while addressing  short-term challenges,” Jawa said.  “EBITDA margin at 23.7% improved 10  basis points compared to the  December  2022 quarter. A&P gross  and  capex margins  increased 400  basis points  and 270  basis points.  We continue to  run  our business  with agility  by ensuring  the  right price-value equation and investing competitively  in  our  brand  and  capabilities for the long term,”  HUL said.  

 The FMCG major said  it  reported  underlying volume growth (UVG) of  2%. Home,  beauty and personal care, which  make up approximately 75%  of our  business, continued  to  recover in  volume  and  recorded UVG in the  mid-single  digits,  the  company  said. 

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