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HUL's revenue, net profit, volume surge in Dec quarter as demand picks up

Hindustan Unilever (HUL), the country’s largest consumer goods company, saw its profit, revenue, and volume for the quarter ended December 31, 2020 (Q3) rise as demand improved steadily across markets. This is the first quarter since the Covid-19 lockdown last year when urban markets have shown buoyancy, analysts tracking the company said, pointing to a gradual recovery in sentiment in cities, which were most impacted by the pandemic. The stock fell 0.34 per cent to end the session at 2,390. HUL’s net profit rose nearly 19 per cent over the year-ago period to Rs 1,921 crore in Q3, while its revenue rose 20.9 per cent to Rs 11,862 crore. Revenue includes net sales plus other operating income. Excluding the nutrition business acquired from GSK Consumer, comparable revenue growth in Q3 was 7 per cent compared to last year, with underlying volume growth at 4 per cent.

ICICI Prudential Q3 net profit up 1.3% at Rs 306 cr on higher tax outgo

Leading private sector life insurer ICICI Prudential on Wednesday reported a marginal 1.3 per cent growth in net profit at Rs 306 crore for the three months to December on higher tax outgo, which whittled down the massive investment gains. But the management said the higher tax outgo was expected following changes in the dividend distribution tax last year. New business premium grew 14 per cent to Rs 2,04,872 crore-mark, helping improve its market share among private sector players to 13 per cent.

Bank of Baroda reports Q3 net profit at Rs 1,061 cr on lower provisions

Bank of Baroda on Wednesday reported a standalone net profit of Rs 1,061 crore for December quarter of the current financial year helped by lower provisions. It had reported a net loss of Rs 1,407 crore for the year-ago period. On a consolidated basis, its profit after tax stood at Rs 1,196 crore during the three months ended December, the bank said in a release. Overall from our perspective, given the situation, it is a fairly satisfactorily set of numbers. As far as loan growth is concerned, we did reasonably well. With a domestic loan growth of 8.3 per cent and within that retail at 13.7 per cent, the growth was encouraging.

Tata Coffee net profit up 20% to Rs 50.18 cr on higher income in Dec qtr

Tata Coffee Ltd on Wednesday reported a 20 per cent increase in its consolidated net profit at Rs 50.18 crore for the quarter ended December on higher income. Its net profit stood at Rs 41.99 crore in the year-ago period. Total income rose to Rs 538.19 crore in the third quarter of this financial year from Rs 505.75 crore in the corresponding period of the previous year, the company said in a regulatory filing. The rise in income is driven by improved performance from the group's value-added businesses, Tata Coffee said

Marico Q3 net profit rises 13% to Rs 312 cr; revenue up 16% to Rs 2,122 cr

FMCG firm Marico Ltd on Wednesday reported a 13.04 per cent increase in consolidated net profit to Rs 312 crore for the quarter ended December 2020. The company had posted a net profit of Rs276crore in the OctoberDecember quarter a year ago. Revenue from operations of the company went up by 16.33 per cent to Rs 2,122 crore during the quarter under review as compared to Rs 1,824 crore in the corresponding period of the previous fiscal, Marico said in a BSE filing. Marico said in Q3FY21, revenue from operations grew on the back of a strong domestic volume growth of 15 per cent and a constant currency growth of 8 per cent in the international business

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