Hindustan Unilever Ltd (HUL) reported a 9 percent increase in its profits for the third quarter of the financial year 2018-19 on a year-on-year basis. For the December-ended-quarter, the FMCG major's profit rose to Rs 1,444 crore from Rs 1,326 crore a year ago.
In a regulatory filing, the company said that its sales for the quarter in review was up by 12 percent with domestic consumer sales rising by 13 percent on a yearly basis. Its revenue for the quarter was up by 11 percent to Rs 9,558 crore from Rs 8,590 crore in December 2017. The company expects the demand to remain stable.
At an operational level, the EBITDA increased to Rs 2,046 crore in December 2018 which is a 22 percent rise on a year-on-year basis from Rs 1,680 crore. The operating margin was at 21.4 percent when compared to 19.6 percent.
HUL reported a one-time loss of Rs 62 crore in the quarter.