Hindustan Unilever (HUL) introduced its outcomes for the quarter ended December 31, 2024. The comapny has reported a slight variation in its promoting and promotion spends for this quarter.
The corporate’s advert spends stood at Rs 1,466 crore, marking nearly 8% year-on-year (YoY) decline in comparison with Rs 1,593 crore in the identical quarter final 12 months (December 2023). On a quarter-on-quarter (QoQ) foundation, the promoting outlay recorded a 0.1% enhance from Rs 1,464 crore within the previous quarter (September 2024).
Hindustan Unilever Restricted (HUL) recorded a 19% year-on-year enhance in internet revenue for the quarter ended December 2024, boosted by a one-time distinctive acquire from the divestment of its Pureit enterprise. The corporate’s standalone internet revenue rose to Rs 3,001 crore, up from Rs 2,519 crore within the corresponding quarter of the earlier 12 months.
It reported a 2% enhance in standalone income for the quarter, reaching Rs 15,195 crore, pushed by a 6% underlying gross sales development (USG) within the Dwelling Care phase. This development was supported by high-single-digit quantity development in classes similar to cloth wash and family care. Nonetheless, the general underlying quantity development (UVG) remained flat, impacted by a damaging product combine.
Rohit Jawa, CEO and managing director, HUL, commented, “FMCG demand tendencies remained subdued with continued moderation in city development whereas rural sustained its gradual restoration. On this working context, we delivered aggressive development by driving unmissable model superiority, investing behind manufacturers and capabilities while sustaining wholesome margins. Consistent with our strategic intent to rework our portfolio in fast-growing areas, I’m excited to announce the acquisition of the premium actives-led magnificence model Minimalist. This acquisition is one other key step to develop our Magnificence & Wellbeing portfolio within the excessive development masstige magnificence phase.”
Written with the View : afaqs