Hindustan Unilever Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 05:23 am
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Hindustan Unilever Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 157,810 million compared to INR 157,070 million a year ago. Net income was INR 25,090 million compared to INR 24,740 million a year ago. Basic earnings per share from continuing operations was INR 10.68 compared to INR 10.53 a year ago. Diluted earnings per share from continuing operations was INR 10.68 compared to INR 10.53 a year ago.
For the nine months, revenue was INR 472,660 million compared to INR 457,170 million a year ago. Net income was INR 77,190 million compared to INR 75,200 million a year ago. Basic earnings per share from continuing operations was INR 32.85 compared to INR 32.01 a year ago. Diluted earnings per share from continuing operations was INR 32.85 compared to INR 32.01 a year ago.
Hindustan Unilever specializes in manufacturing and marketing of cleaning and food products. Net sales break down by family of products as follows:
- personal care products (46%): hair and skin care products, dental and deodorant products (brands Aviance, Dove, Sunsilk, Lux, Pond's, Axe, Rexona, Close Up, etc.);
- house cleaning and laundry care products (33.9%): soaps, dishwashing liquids, detergents, stain removers and cleaners (brands Active Wheel, Comfort, Cif, Sunlight, Vim, etc.);
- food products and beverages (18.8%): culinary products, sauces, oils and margarines (brands Knorr, Kissan, Annapurna, etc.), ice creams (Kwality Wall's), teas and coffees (brands 3 Roses, Red Label, Lipton, Bru, Taj Mahal);
- other (1.3%).
At the end of March 2019, the group had 28 production sites in India.
India accounts for 96% of net sales.