HUL Q3 Results: Profit Up 1%, Subdued Rural Demand Hurts Revenue Growth

Hindustan Unilever Ltd.’s third-quarter profit rose but missed analysts' estimates on account of weak demand, especially in the hinterlands.

Segmental Revenue (YoY)

• Home care segment fell 1% to Rs 5,448 crore, registering a mid-single-digit volume growth. Margin stood at 18%.

• Growth in beauty and personal care was flat at Rs 5,705 crore. Margin stood at 26%, while volume grew in mid-single-digit.

• Food and refreshment grew 1% to Rs 3,733 crore, with a low single-digit decline in volume on account of high inflation. Margin was at 19%.

Shares of HUL closed 0.78% higher, as compared with a 0.75% gain in the benchmark Nifty 50 ahead of the earnings announcement.