HUL Reports Double-Digit Net Profit Growth for Q1

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    Hindustan Unilever Limited's (HUL) net profit rose by 19.2 percent for the April-June 2018 quarter to Rs 1,529 crore from the year-ago period, according to its exchange filing. For the same period in 2017, it reported a net profit of Rs 1,283 crore.
    For the quarter under review, its revenue grew by 11 percent to Rs 9,487 crore.

    HUL Reports Double-Digit Net Profit Growth for Q1

    The largest fast-moving consumer goods (FMCG) manufacturer of the country reported a sales volumes growth of 12 percent on a year-on-year basis. This is the third consecutive quarter of double-digit sales growth for the company that sells under popular consumer brands like Ponds, Surf XL, Vaseline, Lux, Lakme, CloseUp, etc.

    A gradual improvement in demand is expected as it continues to focus on innovations and market development said the chairman and managing director in the press release. It also said that it would factor in "crude volatility and currency-led inflation" as its key risks in the coming days.

    On the operational front, HUL's EBITDA was up by 21 percent to Rs 2,251 crore and the operating margin widened to 23.7 percent from 21.9 percent in the previous year. Segment-wise, its revenue from food was increased by 8 percent to Rs 1,785 crore and 3 percent from home care products to Rs 3,146 crore.

    The shares of HUL were trading higher by 0.73 percent on BSE before the first quarter results were announced.

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