Mumbai: Food, detergent and personal product company, Hindustan Lever announced its results last evening.
The company's total sales grew by 8.7 per cent at Rs 3,083 crore and net profit was up 35.1 per cent at Rs 381 crores, reports CNBC-TV18.
It's been a fair and lovely quarter for Hindustan Lever, with the consumer company seeing its FMCG sales growing by 12 per cent. And HLL claims that they are growing ahead of the market.
So while the household and personal care category grew by 14 per cent, foods like Kissan and Knorr saw a 4 per cent growth. The company has seen improved gross margins.
"We've managed through cost efficiencies, cost increases and we have sustained profitability in terms of good EBITDA margins," said Director-Finance, HLL, D Sundaram.
Margins are looking good but like Godrej, Marico and Dabur, HLL is worried about freight rates and crude oil prices.
Price hikes may not be ruled out; but for now, HLL will focus on investing more behind its brands.
The company is gearing up to add more kick to its tea labels, a category, which has declined in the last six months.
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