FMCG major Hindustan Unilever ltd (HUl) on Monday reported 14.2% increase in its standalone net profit to Rs 1,351 crore for the fourth quarter ended March 31, driven by a strong double digit volume growth.
The company had posted a net profit of Rs 1,183 crore in January-March period a year ago, HUl said in a BSE filing. HUl's net sales during the quarter under review stood at Rs 9,003 crore compared to Rs 8,773 crore in the same quarter previous fiscal, it added.After the implementation of GST in July last year, revenue for the March quarter is reported as net of GST, whereas in the year ago period excise duty was included in the revenue.
“During the quarter, our comparable domestic consumer growth was 16% with underlying volume growth at 11%,” said HUl in a statement. It said during the quarter under review revenue from home care was at Rs 3,102 crore as against Rs 3,004 crore in Q4 FY 2016-17 led by laundry segment. “laundry saw robust double-digit growth across key brands. Comfort Pure - fabric conditioner for delicate baby skin, was launched. Household Care growth was led by strong performance in Vim,”the company said.
Revenue from personal care stood at Rs 4,096 crore as against Rs 4,075 crore in the year-ago period. It had “broad-based double-digit growth”across personal products and personal wash, it added. “Growth in skin care was led by Fair & lovely and Pond's. Hair care witnessed broad based volume led growth,” the FMCG major said.Food segment contributed Rs 299 crore during the period under review as against Rs 295 crore as its Kissan brand delivered growth, led by ketchups.