Profit in the three months ended 31 December rose to ₹1,921 crore from ₹1,616 crore a year earlier. Standalone revenue for the quarter jumped 21% to ₹11,862 crore from ₹9,808 crore a year earlier. The performance indicates an increase in demand for packaged household goods, as well as easing of supply constraints during the quarter. HUL has come back to “impressive" growth in the December quarter, said Abneesh Roy at Edelweiss Securities. Demand in rural markets continue to charge ahead of urban markets where mobility restrictions and slower sales through large format or modern trade had affected sales earlier during the fiscal, HUL said.

Source: Mint January 27, 2021 11:11 UTC