FMCG major Hindustan Unilever on Tuesday said its net profit jumped 47.1 per cent to Rs 581 crore in the quarter ended March 2010 as against Rs 395 crore in the year ago period.
Sales rose 8.2 per cent to Rs 4,316 crore in the quarter ended March 2010 against Rs 3,988 crore last year.
The company’s domestic and FMCG business grew 8 per cent driven by 11 per cent volume growth. The home and personal care business grew 5.5 per cent during the quarter with strong volume growth in soaps, laundry, powders and personal products. The foods business grew at 18 per cent, again driven largely by volume.
“We are committed to deliver competitive growth which will be volume and value driven depending upon the market conditions,” said Harish Manwani, Chairman, HUL.
Going forward the company will continue to focus its investment on building portfolio and strengthening presence in new categories.