Total income during the quarter under review stood at Rs 9,622 crore, up 3.07 per cent as against Rs 9,335 crore in the corresponding quarter a year ago, Hindustan Unilever (HUL) said in a BSE filing.
However, the company said comparable domestic consumer growth, reflecting accounting impact of GST (excise duty and net input taxes adjusted from sales of base quarter, and GST refunds to the reported sales of current quarter), was 16 per cent during the quarter.
"In the near term, we see gradual improvement in demand and our focus will continue to be on innovations and market development," HUL Chairman and Managing Director Sanjiv Mehta said.
He further said, "Crude volatility and currency-led inflation are key risks going ahead and we will continue to manage our business dynamically while driving operational efficiencies."
"Our strategic agenda remains one of delivering consistent, competitive, profitable and responsible growth," he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)