Judicious price increases together with buying efficiencies and aggressive cost saving initiatives helped sustain gross margins despite the impact of escalating costs. Advertising and Promotion spends continued to be competitive and the lower expenditure for the quarter reflects the planned phasing of activities and the lower spend in a channel pending conclusion of negotiations.
The Profit before Interest and Tax (PBIT) has increased by 20.4%, and PBIT margin for the quarter at 14.5% of Sales was 90bps above prior year. Profit after Tax (PAT) grew by 24.4% and Net Profit was higher by 29.6%.
Mr. Harish Manwani, Chairman commented: “We have sustained our strong growth momentum across HPC and Foods businesses. The corner stone of our strategy is to continuously strengthen our portfolio and deliver consistent and profitable growth."
"I am pleased with the progress we are making. The challenge of inflationary pressure continues and will be met through a combination of selective price increases and cost leadership across the extended supply chain”.
Hindustan Unilever Limited
marketing@alchempro.com
