Hindustan Unilever Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 15, 2016 at 09:16 am
Share
Hindustan Unilever Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, net sales/income from operation was INR 78,228.6 million against INR 75,791.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 13,486.5 million against INR 12,584.2 million a year ago. Profit from ordinary activities before tax was INR 14,086.0 million against INR 17,708.3 million a year ago. Net profit was INR 9,714.0 million or INR 4.49 per basic and diluted share before and after extraordinary items (not annualised) against INR 12,521.7 million or INR 5.79 per basic and diluted share before and after extraordinary items (not annualised) a year ago. The growth in the quarter continued to be impacted by the phasing out of Excise Duty incentives and price de-growth, as the benefit of lower commodity costs was passed on to consumers.
For the nine months, net sales/income from operation was INR 236,158.7 million against INR 226,154.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 40,298.7 million against INR 36,738.8 million a year ago. Profit from ordinary activities before tax was INR 43,661.1 million against INR 46,619.4 million a year ago. Net profit was INR 29,927.8 million or INR 13.83 per basic and diluted share before and after extraordinary items (not annualised) against INR 32,971.7 million or INR 15.24 per basic and diluted share before and after extraordinary items (not annualised) a year ago.
Hindustan Unilever specializes in manufacturing and marketing of cleaning and food products. Net sales break down by family of products as follows:
- personal care products (46%): hair and skin care products, dental and deodorant products (brands Aviance, Dove, Sunsilk, Lux, Pond's, Axe, Rexona, Close Up, etc.);
- house cleaning and laundry care products (33.9%): soaps, dishwashing liquids, detergents, stain removers and cleaners (brands Active Wheel, Comfort, Cif, Sunlight, Vim, etc.);
- food products and beverages (18.8%): culinary products, sauces, oils and margarines (brands Knorr, Kissan, Annapurna, etc.), ice creams (Kwality Wall's), teas and coffees (brands 3 Roses, Red Label, Lipton, Bru, Taj Mahal);
- other (1.3%).
At the end of March 2019, the group had 28 production sites in India.
India accounts for 96% of net sales.