HUL Q1 results: Net profit up 9% at Rs 2,061 crore

hindustan

Hindustan Unilever (HUL) on July 22 reported a 9.6 percent jump in the net profit at Rs 2,061 crore for the June quarter from Rs 1,881 crore in the year-ago period.

THE FMCG major’s revenue was up 12.8 percent at Rs 11,915 crore versus Rs 10,560 crore in the year-ago period.

Its earnings before interest, tax, depreciation and amortization (EBITDA) was up 7.7 percent at Rs 2,847 crore against Rs 2,644 crore and teh margin was down at 23.9 percent versus 25 percent, YoY

“In a challenging environment, we have delivered a strong performance across topline and bottomline. Our performance in the quarter has been resilient and is reflective of our capabilities, the agility in our operations and the intrinsic strength of our portfolio,” Chairman and Managing Director Sanjiv Mehta said.

Its home-care segment grew at 12 percent enabled by a double-digit growth in fabric wash and household care continued to perform well, growing in high double-digits on a strong base.

The beauty and personal care segment grew 13 percent led by Hair Care and Skin Care, both growing in high double-digits.

HUL’s foods and refreshment segment delivered another quarter of strong performance growing at 12 percent.
In the afternoon, Hindustan Unilever was quoting at Rs 2,484.85, up Rs 50.95, or 2.09 percent on the BSE.

News Source:- Moneycontrol

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