Hindustan Unilever ltd on Monday posted 14.65 per cent increase in its net profit at Rs 787.20 crore for the fourth quarter ended March 31, 2013, on the back of robust sales across various business verticals.
The company had posted a net profit of Rs 686.61 crore for the same period of previous fiscal.
Net sales of the company rose by 12.48 per cent to Rs 6,367.14 crore for the January-March, 2013 quarter, as against Rs 5,660.48 crore in the corresponding period of previous fiscal, Hindustan Unilever ltd (HUl) said in a statement.
Commenting on the results, HUl Chairman Harish Manwani said that in a challenging environment, the company has delivered broad based competitive growth and margin improvement.
“We have continued to invest in strengthening our brands, stepped up innovation and driven in-market execution and operational efficiencies even harder,” he added.
Commenting on the outlook, he said: “While there are near-term concerns around slowing market growth and inflationary pressures on consumers, we are confident of the medium-to-long-term growth prospects of the FMCG sector.