HUL gets a thumbs up

HUL opened today almost 1% higher at Rs.2282 and rose 2.25% to hit an intraday high at Rs.2312.60. the market ahs given a thumbs up to its earnings for Q3FY22.

The FMCG reported a 19% (YoY) and up 5% (QoQ) rise in consolidated net profit at Rs.2297 crore on a 10% increase in net revenue at Rs.13,196 crore.

Its EBITA margins improved to 25.4% v/s 25% and this is good despite the raw material cost per tonne rising more than 30% (YoY).

The domestic consumer growth remained steady at 11%, the underlying volume growth stood at 2% v/s 4%.

In terms of segment, Home Care grew 23%, Beauty & Personal Care grew 7% while Foods & Refreshment grew 3%.

The company said that during Q3, corporate market share gains is the highest in more than a decade and it has gained shares in all its divisions and across price segments.