Cost of Goods Sold was higher by 60 bps due to rising input costs. Brand investments were maintained at competitive levels across segments. Earnings before interest, tax, depreciation and amortisation (EBITDA) was down by 5%. While Profit after tax before exceptional items, PAT (bei), at Rs. 920 Crores was down 10%, Net Profit at Rs.1038 Crores, was up 7% for the quarter on higher exceptional income.

Harish Manwani, Chairman commented: 'The gradual recovery of the market was temporarily impacted by adverse liquidity conditions. However our performance demonstrated resilience and agility in this challenging environment. There are early signs of normalisation and our focus continues to remain on innovation led volume growth and improvement in margins. Our strategic agenda of delivering Consistent, Competitive, Profitable and Responsible growth remains unchanged.'

Hindustan Unilever Limited published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 January 2017 14:40:15 UTC.

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