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HUL’s Q2 net profit up 16%

Posted By: Doraiah Vundavally October 25, 2017

HUL's Q2 net profit up 16%Mumbai, Oct 25 (IANS) FMCG major Hindustan Unilever Limited (HUL) on Wednesday reported a rise of 16.46 per cent in its net profit for the second quarter of 2017-18.

According to the FMCG major, its net profit during the quarter under review grew to Rs 1,276 crore from Rs 1,096 crore reported for the corresponding quarter of last fiscal.

However, HUL's net sales during the quarter under review inched-down by 1.63 per cent to Rs 8,199 crore from Rs 8,335 crore reported for the Q2 of last fiscal.

 

"While transition to GST impacted trade purchases in early part of the quarter, consumer offtake remained stable," the company said in a statement.

"Trade conditions continue to improve and the wholesale channel is steadily normalising."

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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HUL's Q2 net profit up 16%

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.