HUL s Q2 net profit up 16%
Wednesday - October 25, 2017 9:34 pm ,
Category : BUSINESS
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."
--IANS
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