HUL's Q1 net more-than doubles at Rs 1,331.19 cr

Posted By: Religare
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HUL's Q1 net more-than doubles at Rs 1,331.19 cr
Hindustan Unilever Ltd (HUL) has reported the growth of 112.3 per cent in its standalone net profits at Rs 1,331.19 crore for the three months ended June 2012, helped by the exceptional income of Rs 607 crore which arose from the sale of properties.

The net profit of the company stood at Rs 627.16 crore during the year ago period, said HUL in a filing to the BSE on July 23, 2012.

Commenting over the performance, HUL's Chairman, Harish Manwani said, "We have delivered another quarter of strong volume led growth with an improvement in margins. The environment continues to be challenging in terms of inflation and a general economic slowdown".

During the quarter, the domestic consumer business grew at 19 per cent with strong underlying volume growth of 9 per cent. Both home and personal care and foods registered double digit growth.

Shares of the company closed at Rs 442.85 a piece, down 0.67 per cent from previous close on BSE.

Read more about: hindustan unilever
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