Shares of Hindustan Unilever (HUL) rose in early trade on Jan. 21 — a day after the company reported its December quarter earnings.
Hindustan Unilever reported a 16.8% year-on-year rise in net profit to Rs 2,243 crore for the quarter ended December 2021. This was in line with analysts’ expectations of Rs 2,242.7 crore.
The soap-to-shampoo conglomerate saw its operating income rise 10.4 percent year-on-year to Rs 13,092 crore in the reported quarter, slightly above the Street estimate of Rs 12,995 crore.
In terms of operating profit, HUL beat estimates, rising 14.9% year-on-year to Rs 3,279 crore against expectations of Rs 3,188 crore. The company’s operating margin expanded 100 basis points to 25.4% in the reported quarter.
India’s benchmark index opened lower on January 21, with the Sensex down 522.28 points or 0.88% to 58942.34 and the Nifty down 154 points or 0.87% to 17603, while writing this copy.
Complete News Source : moneycontrol
