Hindustan Unilever Q2 Earnings: Net profit rose 8.86 per cent to Rs 2,187 crore
Hindustan Unilever Q2 FY22 Results: Hindustan Unilever Limited – the country’s leading fast-moving consumer goods maker reported a net profit of Rs 2,187 crore on a standalone basis, registering a growth of 8.86 per cent in the July-September quarter from Rs 2,009 crore during the same quarter last year. The total income stood at Rs 12,837 crore, compared to Rs 11,693 crore in the year-ago period. Hindustan Unilever Q2 Results: Here’s All You Need To KnowOn a sequential basis, Hindustan Unilever’s standalone net profit rose 6.11 per cent, compared to Rs 2,061 crore reported at the end of the preceding April-June quarter of the current financial year (Also Read: Hindustan Unilever Net Profit Rises 9.5% To Rs 2,061 Crore In June Quarter )The company’s revenue from operations in the September quarter stood at Rs 12,516 crore, compared to Rs 11,276 crore in the corresponding quarter last year, marking a growth of 10.99 per cent year-on-yearThe company’s total sales in the September quarter grew by 11 per cent, domestic consumer business sales grew 11 per cent, while its earnings before interest, tax, depreciation, and amortization stood at Rs 3,132 crore.The company’s home care business grew at 15 per cent driven by double-digit growth in fabric wash. The household care segment grew on a strong base. The company undertook calibrated price increases across fabric wash and household care portfolios to partly offset the high inflation in input costs.The beauty and personal care business grew 10 per cent led by hair care, color cosmetics, and skin care. Skin care and colour cosmetics delivered high double-digit growth as mobility improved. Soaps grew on a high base led by growth in beauty andpremium segmentsFood and refreshment grew seven per cent during the quarter. Tea grew on a strong base and strengthened its market leadership. Health food drinks volumes grew double-digit, according to HUL.The company’s board declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022.‘Pond’s Gold Beauty’ range, limited edition lip colours in ‘Lakme’ and ‘Vaseline Lip Therapy’ range were launched during the September quarter. Lakme witnessed 30 per cent of its sales come through digital platforms.”’September quarter witnessed a sequential improvement in trading conditions, albeit remained challenging with unprecedented levels of input cost inflation and subdued consumer sentiments. In this backdrop, we have delivered a strong performance growing topline in double digits….. Calibrated price increases and laser sharp focus on savings has helped us protect our business model while ensuring the right price-value equation for our consumers,” said Sanjiv Mehta, Chairman and Managing Director, HUL.On Thursday, shares of Hindustan Unilever settled 4.06 per cent lower at Rs 2,546.45 apiece on the BSE.
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