CNBC TV18 • 2 min read

HUL Q3 Results: Volume growth at 4%, revenue misses estimates

WHAT'S THE STORY?

India's largest FMCG company, Hindustan Unilever Ltd. reported its December quarter results on Thursday, February 12, largely in-line with muted expectations. Underlying volume growth came in at 4%, higher than the CNBC-TV18 poll estimate of 2% to 3%, as the company reiterated its focus on volume-led growth.

Net profit for the quarter stood at ₹2,590 crore, marginally ahead of the CNBC-TV18 poll of ₹2,560 crore. However, profit declined 13.7% year-on-year from ₹3,001 crore last year.

HUL said that PAT was driven by one-off impacts from the company's portfolio transformation actions.

Standalone revenue came in at ₹15,805 crore, slightly below the CNBC-TV18 poll estimate of ₹16,035 crore. The topline grew 2.6% compared to the same quarter last year.

EBITDA rose 2% year-on-year to ₹3,640 crore, missing expectations of ₹3,725 crore. EBITDA margin stood at 23%, down 20 basis points from a year ago.

Shares of Hindustan Unilever fell 2% to ₹2,429.90 following the results. The stock is up 4% year-to-date, trades at 50x FY27 estimates, and remains about 12% below its 52-week high.

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