Consumer goods companies are becoming the only hope of some good news on Dalal Street at the moment — with HUL blasting another sexy quarter, bolstering hopes of a recovery on track.
Quick look at numbers:
- Net profit of ₹2K crores, up 10% YoY
- Revenue of ₹12K crores, up 13% YoY
- Tiny blip — margins contracted half a percent, thanks to rising raw material costs.
Overall, the operating dynamics look consistent across, as seen with Marico and others — where inflation and torn supply chains are weighing on profits, but the impact is offset by higher prices charged to the consumer.
Bad for the wallet, good for the portfolio!