Mumbai: Hindustan Unilever (HUL) has recorded a 6.24 per cent growth in revenue in the first quarter ended 30 June 2023, compared to the same quarter last year.
In its financial report released on Thursday, HUL’s total sales grew seven per cent during the first quarter compared to the corresponding quarter in the last FY.
While HUL’s revenue from home care products rose by about 10 per cent from Rs 4,931 crore in June 30, 2022, to Rs 5,425 crore as on June 30, 2023, the beauty and personal care revenue grew by 4 per cent to Rs 5,601 crore.
The company’s advertising and promotion expenses have increased just one per cent from Rs 1,328 crore as on 30 June 2022, to Rs 1481 crore as on 30 June 2023.
The company also said that they continue to manage their business dynamically to drive savings harder and provide the right price-value equation to their consumers and remain focused on building back their gross margin and investing competitively in A&P.