In the third quarter, HUL’s revenue grew 20.9 percent. It stood at Rs 11,862 crore.
The domestic volume growth of FMCG company Hindustan Unilever Limited (HUL) stood at 4 per cent in the third quarter.
- January 27, 2021, 7:43 PM IST
The company’s revenue increased 20.9 percent in the third quarter. It stood at Rs 11,862 crore. It was Rs 9,808 crore in the same period last year. The Ebitda (EBITDA) of the company increased by 16.7 per cent to Rs 2,854 crore in the third quarter from Rs 2,445 crore in the third quarter of last year. The company’s Ebitda Margin (EBITDA Margin) on an annual basis in the third quarter stood at 24.1 per cent as against 24.9 per cent.
Domestic volume growth was 4 percent
The company’s domestic volume growth in the third quarter has been 4 percent. On the HUL results, the company’s statement said that in terms of fundamentals, business has been very strong this quarter. There has been an increase of double digit in rural growth. There has been good single digit growth in the premium portfolio. The near term outlook demand continues to improve. The company expects revival in urban demand. At the same time, Ritesh Tiwari has been appointed CFO of the company, which will take over from May 1.Axis Bank’s profit declines by 36.4%
Axis Bank has announced its quarterly results. Axis Bank’s profit fell 36.4 per cent year-on-year to Rs 1,116.6 crore in the October-December quarter. It was Rs 1,757 crore in the third quarter of last year. The bank’s interest income grew by 14.3 per cent to Rs 7,372.7 crore in the third quarter from Rs 6,453 crore in the third quarter of last year. Gross NPA of the bank has come down from 4.18 per cent to 3.44 per cent in the third quarter on quarterly basis. At the same time, Net NPA has been reduced from 0.98 percent to 0.74 percent. In rupee terms, the bank’s Gross NPA has come down from Rs 26,831.6 crore in the third quarter to Rs 21,997.9 crore and Net NPA has come down from Rs 6,107.9 crore to Rs 4,609.8 crore. Provisioning of the bank on quarterly basis has been at Rs 4,604.3 crore as against Rs 3,470.9 crore. The bank had provided Rs 4,580.7 crore in the third quarter of last year.