Business
HUL shares down 3% as Q3 PAT falls 30% YoY to Rs 2,118 crore
The company’s net profit for the period, however, came in at Rs. 6,603 crore, up 121% year on year, primarily driven by one off impacts from its portfolio transformation actions, HUL said.
The company’s revenue from continuing operations came in at Rs. 16,441 crore, marking a 5.6% year on year jump from Rs. 15,556 crore reported in the corresponding quarter of the previous financial year, HUL said in a regulatory filing.
Earnings before interest, tax, depreciation and amortisation for continuing operations stood at Rs. 3,788 crore, higher by 3% from the same quarter last year. However, the EBITDA margin declined by 70 basis points YoY to 23.3%. One basis point is equal to 0.01% one hundredth of one percent.
For the quarter under review, HUL reported underlying sales growth of 5%, supported by underlying volume growth of 4%.
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Outlook
The company expects macro stability along with supportive policy measures to create a favourable environment for consumption going ahead. It anticipates FY27 to be stronger than FY26, driven by continued portfolio optimisation and channel transformation initiatives.Priya Nair, CEO and Managing Director, said that demand trends reflected early signs of recovery, underpinned by supportive policy measures. “We continued to build desirability at scale with our brands, accelerate market development in high growth demand spaces and strengthen our capabilities to scale Channels of the Future with a dedicated organisation for Quick commerce.”
Following the earnings release, HUL shares traded 3% lower to Rs. 2,396 apiece.
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