HLL continues to benefit from decent Q3 numbers
FMCG major Hindustan Lever gained nearly 1% to Rs 239.50 extending its post results upmove.
4.8 lakh shares changed hands in the counter on BSE.From Rs 228.75 on 30 October, the scrip has risen 4.6% in the past three days to current Rs 239.50. The company announced Q3 results during trading hours on 31 October.
HLL’s profit before tax and before extra-ordinary items rose 17.7% to Rs 383 crore from Rs 325.35 crore in Q3 September 2005. The leading FMCG company registered a 12.2 per cent increase in sales to Rs 3,066.01 crore from Rs 2,731.54 crore. HLL benefited from a buoyant FMCG market in the September'06 quarter.
HLL also benefited from a better product mix, and price hikes. Most FMCG companies have resorted to price hikes this year across product categories like shampoos, soaps and detergents on account of increasing input costs.The improvement in bottom line growth was despite a huge increase in advertising and promotional spends during the quarter.
Sales of home and personal care products, which accounts for 70 per cent of the company's business, grew by 15 per cent. The highly completive laundry segment performed better due to introduction of premium products.Over the past two years, HLL's business has turned around, buoyed by stronger topline growth, improvement in margins and higher fiscal benefits.
4.8 lakh shares changed hands in the counter on BSE.From Rs 228.75 on 30 October, the scrip has risen 4.6% in the past three days to current Rs 239.50. The company announced Q3 results during trading hours on 31 October.
HLL’s profit before tax and before extra-ordinary items rose 17.7% to Rs 383 crore from Rs 325.35 crore in Q3 September 2005. The leading FMCG company registered a 12.2 per cent increase in sales to Rs 3,066.01 crore from Rs 2,731.54 crore. HLL benefited from a buoyant FMCG market in the September'06 quarter.
HLL also benefited from a better product mix, and price hikes. Most FMCG companies have resorted to price hikes this year across product categories like shampoos, soaps and detergents on account of increasing input costs.The improvement in bottom line growth was despite a huge increase in advertising and promotional spends during the quarter.
Sales of home and personal care products, which accounts for 70 per cent of the company's business, grew by 15 per cent. The highly completive laundry segment performed better due to introduction of premium products.Over the past two years, HLL's business has turned around, buoyed by stronger topline growth, improvement in margins and higher fiscal benefits.
posted by SY at 5:39 PM
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