HUL Q2 net profit rises 19.51% to Rs 1,525 crore
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HUL Q2 net profit rises 19.51% to Rs 1,525 crore

FMCG major Hindustan Unilever Ltd (HUL) Friday reported a 19.51 per cent increase in net profit to Rs 1,525 crore for the September 2018 quarter on account of double digit growth across categories. The company had posted a net profit of Rs 1,276 crore during the same period last fiscal. Sales during the quarter under review stood at Rs 9,138 crore as against Rs 8,199 crore in the year-ago period, up 11.45 per cent, HUL said in a regulatory filing. Our focus on strengthening the core, leading market development and driving excellence in execution has enabled us to deliver competitive and profitable growth. In the near term, we expect demand to be stable. Our strength of agility and responsiveness gives us confidence to navigate the headwinds arising from crude inflation and currency depreciation, HUL Chairman and Managing Director Sanjiv Mehta said. HUL Chief Financial Officer Srinivas Phatak said while the company expects the demand to be stable in the near term, the company will ...

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