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A timely deal with GSK closed during the lockdown has helped Unilever three quarters in a row in India
A timely deal with GSK closed during the lockdown has helped Unilever three quarters in a row in India
Navdeep YadavJan 27, 2021, 17:19 IST
BCCL
India’s largest maker of consumer staples reported a 19% growth to ₹1921 crore ($263 million) in its standalone net profit for the third quarter ending December 31
The 20% growth in its topline was led by the stellar growth in its foods and refreshment post the merger with GSK, a deal that was closed in April 2020.
The company said its volumes of the company rose 7% excluding the consumer businesses acquired from GlaxoSmithKline Plc and VWash.India’s largest maker of fast moving consumer goods, Hindustan Unilever (HUL), added nearly 20% to its quarterly profit, thanks to the growth in its foods & refreshment business This segment includes popular brands such as Horlicks milk powder, Bru coffee, and Kissan Ketchup, which together contribute around 28% to the total revenue.