Hindustan Unilever Net Profit Rises 10% To Rs 2,061 Crore In June Quarter

On a sequential foundation, Hindustan Unilever's standalone internet revenue declined 3.8 per cent, in comparison with Rs 2,143 crore reported at the top of the previous January-March quarter in the monetary 12 months 2020-21 (Also Read: Hindustan Unilever Profit Jumps 41% To ₹ 2,143 Crore In March Quarter )

The firm's income from operations within the June quarter stood at Rs 11,915 crore, in comparison with Rs 10,560 crore within the corresponding quarter final 12 months, marking a progress of 12,83 per cent year-on-year

The firm's whole gross sales grew by 13 per cent, home client progress grew by 12 per cent, whereas the underlying quantity progress got here in at 9 per cent within the first quarter of the present fiscal.

The firm's dwelling care enterprise grew at 12 per cent pushed by double-digit progress in cloth wash. The family care section delivered double-digit progress on a powerful base.

The magnificence and private care enterprise grew 13 per cent led by hair care and skincare, each delivering excessive double-digit progress. Skin Cleansing marked sturdy momentum, and soaps grew on a excessive base.

During the quarter, HUL launched ‘Pepsodent' mouthwash, new moisturizing gels, and physique lotions in ‘Vaseline' and ‘Lakme Lip Crayons'. It additionally launched ‘Kwality Wall's Cadbury Crackle' frozen desert, in partnership with Mondelez International.

The meals and refreshment enterprise grew by 12 per cent within the quarter. All tea manufacturers delivered excessive double-digit progress. Ketchups and soups carried out properly pushed by sturdy quantity progress on a excessive base

Hindustan Unilever's EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) margins stood at 24 per cent within the April-June quarter

''Our efficiency within the quarter has been resilient and is reflective of our capabilities, the agility in our operations and the intrinsic power of our portfolio.....Looking ahead, we stay cautiously optimistic concerning the demand restoration. Our focus firmly stays behind delivering volume-led aggressive progress and margins in a wholesome vary,'' stated Sanjiv Mehta, Chairman and Managing Director, HUL.

On Thursday, shares of Hindustan Unilever have been final buying and selling 2.07 per cent decrease at Rs 2,383.50 apiece on the BSE