Q1 Results: Hindustan Unilever Net Profit Rises 11% YoY
Fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) on Tuesday reported its results for the quarter ended June 2022 and registered an 11 per cent rise in its standalone net profit at Rs 2,289 crore compared to Rs 2,061 crore in the same quarter last year.
However, sequentially, the profit fell marginally from Rs 2,327 crore in the March quarter.
Its revenue from operations also jumped 19.48 per cent year-on-year (YoY) to Rs 14,016 crore compared to Rs 11,730 crore in the corresponding quarter last year.
The FMCG major logged a 6 per cent volume growth for the quarter.
HUL's EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortisation), margin stood at 23.2 per cent and "remained healthy despite unprecedented inflationary headwinds." However, YoY EBITDA margin declined 110 bps.
"In an environment which remains challenging, marked by unprecedented inflation and consequential impact on consumption, we have delivered yet another quarter of robust topline and bottom-line performance. We have grown competitively whilst protecting our business model by maintaining margins in a healthy range," said Sanjiv Mehta, CEO and Managing Director, HUL.
"While there are near term concerns around inflation, the recent softening of commodities, forecast of a normal monsoon, and monetary/ fiscal measures taken by the government augur well for the industry. We are confident of the medium to long term prospects of the Indian FMCG sector and remain focused on delivering a Consistent, Competitive, Profitable and Responsible growth," he added.
The company said its Home Care segment delivered 30 per cent growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits, with all parts of the portfolio performing well, it said.
The Beauty & Personal Care segment reported growth of 17 per cent. Hair Care grew in high double-digits, led by strong performance in the premium portfolio.
Soaps delivered price-led double-digit growth driven by strong performance in Lux, Dove and Pears, the company said.
