Fast moving consumer goods major Hindustan Unilever has posted a 9% growth in net profit for the quarter ended June 30, 2017 at Rs 1,283 crore compared with Rs 1,174 crore in the same period previous fiscal.
Total income for the company during the quarter grew 4.76% to Rs 9,335 crore against Rs 8,910 crore in the comparable period previous fiscal. Domestic consumer business grew at 6% while underlying volume growth remained flat during the quarter.
Cost of Goods sold was down by 75 basis points. While competitive Advertising and Promotion spends were maintained, zero based budgeting helped drive A&P percentage down by 20 bps and other expenses down by 40 bps.
(Published 18 July 2017, 19:49 IST)
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