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HUL returns to pre-COVID level, signals revival of demand

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New Delhi: Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of demand following the world's biggest lockdown.Consolidated net profit rose 8.6 per cent to ₹1,974 crore in July-September while revenue from the sale of products was up 13.7 per cent at ₹11,510 crore, the company said in a regulatory filing.Food and refreshment business saw nearly 83 per cent jump while home care and beauty and personal care segments were almost near the pre-COVID levels.HUL, the maker of popular brands such as Rin, Dove, Lux, Lifebuoy, said the worst is behind and is “cautiously optimistic" on-demand recovery.Indian.

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