HUL's September-quarter profit rose 3.9% to Rs 2,790 crore, while revenue increased 14.5% to Rs 18,226 crore. Underlying volume growth stood at 7%, and the company declared an interim dividend of Rs 19 per share.
The fintech continues to make healthy progress toward sustainable profitability and improving operating leverage, even while gross merchandise value was flat QoQ owing to festive season getting pushed to Q3, says the brokerage.
