Skip to main content

Hindustan Unilever Jumps 14% to Rs 1,755 crore On Better Volume Growth

FMCG major Hindustan Unilever (HUL) has on July 23 reported 14.8 percent jump in its standalone net profit at Rs 1,755 crore on the back of better volume growth.The company had reported a profit of Rs 1,529 crore in the year-ago period.The revenue of the company rose 6.6 percent at Rs 10,114 crore against Rs 9,487 crore. The company has reported domestic volume growth at 5 percent.Earnings before interest, tax, depreciation and amortization (EBITDA) was up 18 percent at Rs 2,647 crore, while margin was at 26.2 percent.
Image result for picture of hindustan unileverThe company has reported domestic volume growth at 5 percent.
Sanjiv Mehta, Chairman and Managing Director of the company said, "Against the backdrop of moderate market growth, HUL has delivered a resilient performance driven by the expansion of our consumer franchise, improvement in portfolio mix and sustained growth in margins."
Reported EBITDA improvement was 250 bps (150 bps on comparable basis after adjusting for accounting impact of Ind AS 116 on leases).
Foods and refreshment delivered a steady performance, while beverages witnessed a reasonable quarter driven by consistent strategy across brands and markets.
Within beauty and personal care, personal products performance was steady while personal wash witnessed a muted delivery, particularly, in the popular segment.
"We continue to make good progress on our strategic initiatives to make sustainable living common place and build a business which is purpose-led and future-fit," Mehta added.
Hindustan Unilever ended at Rs 1,693.20, up Rs 14.45, or 0.86 percent on the BSE.

Labels:

Comments

Post a Comment

Popular posts from this blog

Retail Inflation Inches Up To 3.18 Percent in June, But Well Below RBI Target

The latest price data released by the Central Statistics Office showed that consumer price index (CPI)-based inflation, which measures changes in shop-end prices, remained comfortably within/breached the Reserve Bank of India's target level of 4 percent. India's retail inflation for June inched up to 3.18 percent from 3.05 percent in May. The latest price data released by the Central Statistics Office showed that CPI-based inflation, which measures changes in shop-end prices, remained comfortably within RBI's target level of 4 percent. Food prices, which is a gauge to measure changes in kitchen budgets, grew 2.1 percent in June compared to 1.83 percent in May. Inflation rate in cereals and products stood at 1.3 percent in June as against 1.24 percent in May while vegetables inflation stood at 4.66 percent in June as against 5.46 percent in May. A reading below the RBI inflation target will likely support the RBI's decision last month to cut interest rates to bo...
Post a Comment
Read more

IndiGo Co-promoters Rakesh Gangwal and Rahul Bhatia Take Steps to Resolve Differences

He two co-promoters of IndiGoNSE 4.70 % - Rakesh Gangwal and Rahul Bhatia - have taken steps to resolve differences The spat between the two co-promoters had reached the government's doorsteps when rakesh gangwal sought the regulator as well as government's intervention on the issue of related party transactions which he had earlier highlighted. The talks between the two feuding camps were brokered by IndiGo chairman M Damodaran. According to the report, IndiGo will have four independent directors from the current two. Rakesh Gangwal will have one nomination on the board while Rahul Bhatia can nominate five board members Sources close to Interglobe enterprise told ET that both the parties have the approved these changes. “Board will also have a strength of 10 members now. Out of that, 4 will be independent directors, 5 members will be from Interglobe Enterprise and Gangwal will also be a member. The board will also have an independent woman member,” When contacted, G...
Post a Comment
Read more

Cement Stocks Under Pressure; HIL Slips Over 6%

Most cement stocks were trading in the red in Monday's afternoon session. Shares of HIL (down 6.26 per cent), Burnpur Cement (down 4.83 per cent), Sahyadri Industries (down 4.62 per cent), Sagar Cements (down 4.18 per cent), Star Cement (down 4.04 per cent), Everest Industries (down 3.90 per cent), GPT Infra projects (down 3.90 per cent), APCL (down 3.28 per cent), J K Cements (down 3.16 per cent), Morganite Crucible (India) (down 2.99 percent), Heidelberg Cement India (down 2.93 percent. Sanghi Industries (down 1.96 per cent), Ramco Industries (down 1.92 per cent), Panyam Cements & Mineral Industries (down 1.91 per cent), Shree Cement (down 1.81 per cent), Shree Digvijay Cement (down 1.77 per cent), K C P (down 1.67 per cent), Indian Hume Pipe Company (down 1.55 per cent), Kakatiya Cements Sugar & Industries (down 1.41 per cent), Birla Corporation (down 1.22 per cent), Deccan Cements (down 1.07 per cent) too were trading with losses. Meanwhile , Raasi Refractorie...
7 comments
Read more