HUL Q1 Results: Profit rises 8% YoY to Rs 2,472 crore; sales jump 7%
Hindustan Unilever's standalone net profit rose 8% to Rs 2,472 crore for the June quarter. It was Rs 2,289 crore a year ago.
The company's sales increased 7% year-on-year (YoY) to Rs 14,931 crore. An ET NOW poll of analysts had anticipated the profit figure at Rs 2,615 crore.HUL has clocked an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 3,521 crore, up 8% YoY in the June quarter.
Meanwhile, EBITDA margins improved by 40 basis points to 23.6% in the reporting period. The company has reported underlying volume growth of 3% in the first quarter.
The home care business recorded double-digit growth on a high base with a 10% revenue jump and a mid-single-digit volume growth. Within this segment, both fabric wash and household care rose in double-digits, led by focused market development actions and premiumization.
. Read more on economictimes.indiatimes.com
