Prudent management of volatility in costs (crude and currency led) along with improved mix and operating leverage has driven margin improvement. Earnings before interest, tax, depreciation and amortization (EBITDA) at Rs. 2046 Crores was up by 22%. Profit after tax (bei), at Rs. 1401 Crores was up 17%, and Profit after tax, at Rs. 1444 Crores was up by 9%.

Sanjiv Mehta, Chairman and Managing Director commented: 'We have delivered another strong performance in the quarter, with double digit volume growth and improvement in margins. Our focus on strengthening the core and leading market development by tapping into emerging trends has been yielding results across categories. We are making headway in 'Reimagining HUL' agenda by building an organization which is purpose led and future fit.

In the near term, demand is likely to be stable. We will keep a close watch on the macro-economic environment and respond with agility. We remain focused on our strategic agenda of delivering Consistent, Competitive, Profitable and Responsible growth.'

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Hindustan Unilever Limited published this content on 17 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 January 2019 11:48:03 UTC