New Delhi, May 3 -- Hindustan Unilever Ltd (HUL), India's largest consumer packaged goods firm by sales, on Friday reported 7% drop in volume growth in the fourth quarter.
Net profit registered 13% growth at Rs.1,538 crore, against Rs.1,351 crore in the corresponding quarter of the year-ago period.
Earnings before interest, taxes, and amortization (EBITA) margins was up by 90 basis points.
In the preceding quarter volumes grew at 11% on the back of a lower base a year-ago, which was impacted due to demonetization.
"We have delivered a strong performance for the quarter despite some moderation in rural market growth," said Sanjiv Mehta, chairman and managing director of the company.
Due to lower rural demand the FMCG industry is project...