HUL Q3 Profit Rises 18.68% To Rs 2,300 Crore; Net Sales Up 10.25%

New Delhi: FMCG main Hindustan Unilever Ltd on Thursday reported an 18.68 per cent improve in consolidated internet revenue to Rs 2,300 crore for the third quarter ended December 2021.The firm had posted a internet revenue of Rs 1,938 crore within the October-December interval of the earlier fiscal.Revenue from gross sales through the quarter below evaluation stood at Rs 13,196 crore, up 10.25 per cent, as towards Rs 11,969 crore within the corresponding interval a yr in the past, Hindustan Unilever Ltd (HUL) stated in a regulatory submitting.HUL's whole bills had been at Rs 10,329 crore in Q3 FY2021-22 as towards Rs 10,129 crore earlier."Business fundamentals remained strong with handsome market share gains in all our divisions, both urban and rural markets and across price segments. Underlying Volume Growth at 2% was significantly ahead of the market," HUL stated in a post-earning assertion.HUL CMD Sanjiv Mehta stated the corporate has delivered a powerful and resilient efficiency within the quarter regardless of moderation in market development and important ranges of commodity inflation."I am particularly pleased that the growth is extremely competitive with our market share gains being highest in more than a decade. Our performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business," he stated.However, he added that within the near-term, working surroundings will proceed to stay difficult."In this scenario, we will manage our business with agility, continue to grow our consumer franchise whilst maintaining our margins in a healthy range. We remain confident of the medium to long term potential of Indian FMCG sector and HUL's ability to deliver a Consistent, Competitive, Profitable and Responsible growth," Mehta added.Shares of HUL on Thursday settled at Rs 2,261.60 on BSE, down 2.13 per cent from the earlier shut.(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)