Synopsis
Although muted, HUL’s third-quarter performance proved to be better than expected. Net sales growth of 10%, margin improvement of 100 bps, a net profit increase of 17% and strong market share gains helped offset the subdued 2% rise in volumes.
ET Intelligence Group: Although muted, HUL’s third-quarter performance proved to be better than expected. Net sales growth of 10%, margin improvement of 100 bps, a net profit increase of 17% and strong market share gains helped offset the subdued 2% rise in volumes.
One basis point is 0.01%.
The company gained market shares across categories and markets – its best in more than a decade. It posted double-digit growth in revenues and profit in
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