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Hindustan Unilever India (HUL) has highlighted a continued focus on its premium strategy in order to sustain continued growth in the country, citing products such as Horlicks Plus as a major example.
HUL Q3 Results: Fast-moving consumer goods sector bellwether Hindustan Unilever (HUL) reported a disappointing earnings for the quarter ended December on Friday, with the net profit rising a mere 0.6% year-on-year (YoY) to Rs 2,519 crore, and missing the ETNow poll estimate of Rs 2,724 crore.Revenue from operations fell 0.3% YoY to Rs 15,188 crore, and also trailed estimates of Rs 15,533 crore.
The net profit came below Street estimates. According to a poll of six brokerages, HUL’s Q3 net profit was likely to be at Rs 2,678 crore