HUL Q1 net profit up 14.4% at Rs 1,795 crore

HUL's focus on strengthening the core, leading market development & premiumisation, driving channel transformation and building brands with purpose, continues to serve it well: CMD Sanjiv Mehta.

FMCG major Hindustan Unilever on Tuesday reported an increase of 14.40 per cent in consolidated net profit to Rs 1,795 crore for the first quarter ended June 30, helped by higher margins and volume growth.

The company had posted a net profit of Rs 1,569 crore in the April-June quarter of the previous fiscal.

Net sales during the quarter under review stood at Rs 10,197 crore, up 6.04 per cent, as against Rs 9,616 crore in the corresponding period a year ago, Hindustan Unilever Limited (HUL) said in a regulatory filing.

The company's "domestic consumer growth was 7 per cent with Underlying Volume Growth at 5 per cent" in the quarter.

"Against the backdrop of moderate market growth, HUL has delivered a resilient performance driven by expansion of our consumer franchise, improvement in portfolio mix and sustained growth in margins," HUL CMD Sanjiv Mehta said.

HUL's focus on strengthening the core, leading market development & premiumisation, driving channel transformation and building brands with purpose, continues to serve it well, he added.

Its total expenses for the said period was Rs 7,896 crore, compared to Rs 7,604 crore, up 3.84 per cent.

Shares of HUL Tuesday settled at Rs 1,693.20 apiece on the BSE, up 0.86 per cent from previous close.

Photograph: PTI Photo