The company’s revenue from operations rose 19.46 percent on-year to Rs 14,331 crore for the reported quarter, which was above the market’s expectation. The company said Earnings before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margin was at 23.2 percent during the quarter, declining 110 basis points YoY. The entire FMCG segment felt intense cost pressure this quarter due to inflation, which has also hit their margins.
“In an environment which remains challenging, marked by unprecedented inflation and consequential impact on consumption, we have delivered yet another quarter of robust topline and bottom-line performance,” said Sanjiv Mehta, CEO and Managing Director at HUL.
We are confident of the medium to long term prospects of the Indian FMCG sector and remain focused on delivering a consistent, competitive, profitable, and responsible growth,” said Mehta.The company added that it continues to manage its business dynamically driving savings harder across all lines of P&L and taking calibrated pricing actions using the principles of net revenue management.