INSUBCONTINENT EXCLUSIVE:
Hindustan Unilever's (HUL) revenue exceeded the Rs 8,900 crore average estimate of 21 analysts
Hindustan Unilever Ltd's revenue climbed to a record in the fourth quarter as India's
unit of Unilever rose 2.6 percent to Rs 9,000 crore ($1.3 billion) in the three months through March, the Mumbai-based company said in a
That exceeded the Rs 8,900 crore average estimate of 21 analysts compiled by Bloomberg
Net income increased to Rs 1,350 crore, beating analyst estimates
Revenue from company's home care segment, which includes brands such as Surf Excel and Vim, rose 3.26 per cent to Rs 3,102 crore.Hindustan
Unilever (HUL), which is benefiting from a pick up in consumption, and as deliveries recover from India's biggest tax overhaul, has
sustained its sales growth by adding natural and ayurveda-based products
That's also helping it counter competition across its segments from detergents to skin creams from local companies, which are building their
brands using yoga and spiritual leaders."The market for naturals and ayurveda products is big," chief financial officer Srinivas Phatak said
on a conference call on Monday."Hindustan Unilever has a three-pronged strategy focusing on core brands including Hamam and Ponds, special
brands such as Indulekha hair oil and Lever Ayush as master brands.Ramdev, who has said he's an "unpaid ambassador" at Patanjali, said in
January that the company will overtake Unilever in India next year
Over the past few years, Patanjali has expanded its portfolio of products to include almost all the segments Hindustan Unilever operates in
the country.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)For the latest
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