New Delhi, Feb 12 FMCG bellwether Hindustan Unilever Limited on Thursday reported a 30 per cent decline in consolidated net profit to Rs 2,118 crore from continuing operations for Q3 FY26.
On year-on-year, the company’s profit after tax for the period jumped to Rs 6,603 crore, up 121 per cent, according to the stock exchange filing.
The huge growth in PAT was "primarily driven by one-off positive impact arising from Ice Cream demerger accounted for in accordance with the approved scheme of demerger and applicable accounting standards," the statement said.
Excluding exceptional items, Profit After Tax (PAT) at Rs 2,562 crores only grew by 1 per cent, underscoring muted core profitability despite the stronger top line, the firm said in its regulatory filing.
Earnings before interest, taxes, depreciation and amortisation increased 3 per cent to Rs 3,788 crore, but EBITDA margin contracted 70 basis points to 23.3 per cent from 24 per cent in the year‑ago quarter.
The total turnover rose 6 per cent to Rs 16,235 crore from Rs 15,353 crore a year earlier, it added in its filing.
The company reported an exceptional loss of Rs 576 crore in the quarter, compared with an exceptional gain of Rs 538 crore in the same period last financial year.
"We continued to build desirability at scale with our brands, accelerate market development in high-growth demand spaces and strengthen our capabilities to scale Channels of the Future with a dedicated organisation for quick commerce. As market leaders in FMCG, our commitment to build modern brands, lead category creation and invest disproportionately to build future moats, places us in good stead to deliver sustained volume-led growth and create long-term shareholder value," said Priya Nair, CEO and Managing Director.
The company shared its outlook for FY27, saying macro stability coupled with supportive policy measures will foster a conducive backdrop for consumption.
It suggested investors expect FY27 to be better than FY26 led out of portfolio and channel transformation.
Hindustan Unilever had also announced the acquisition of the remaining 49 per cent stake in Zywie Ventures (OZiva) for Rs 824 crore and the planned divestment of its 19.8 per cent stake in Nutritionalab for Rs 307 crore.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor