Hindustan Unilever sales soar 11 percent

Hindustan Unilever sales soar 11 percent

THE WHAT? Hindustan Unilever has reported its results for the quarter ended December 31, 2021. The manufacturer of Lifebuoy soap saw sales rise 11 percent and profit after tax swell 17 percent as it made ‘handsome’ market share gains in all divisions, both urban and rural markets and across price segments.

THE DETAILS The Beauty & Personal Care segment grew 7 percent, led by skin cleansing, skin care and color cosmetics. Hindustan Unilever’s Lux, Pears and Dove brands, in particular, performed strongly in the skin cleansing category, contributing to its double-digit growth.

THE WHY? Sanjiv Mehta, Chairman and Managing Director, commented, “We have delivered a strong and resilient performance in the quarter despite moderation in market growths and significant levels of commodity inflation. I am particularly pleased that the growth is extremely competitive with our market share gains being highest in more than a decade. Our performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business.”

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