Hindustan Unilever Q2 net profit rises 19.51% to Rs 1,525 cr; sales up 11.45% to Rs 9138 cr

New Delhi: FMCG main Hindustan Unilever Ltd (HUL) on Friday reported a 19.51 % improve in internet revenue to Rs 1,525 crore for the September 2018 quarter on account of double-digit development throughout classes.

The corporate had posted a internet revenue of Rs 1,276 crore throughout the identical interval final fiscal.

Gross sales through the quarter beneath assessment stood at Rs 9,138 crore as towards Rs 8,199 crore within the year-ago interval, up 11.45 %, HUL stated in a regulatory submitting.

“Our give attention to strengthening the core, main market growth and driving excellence in execution has enabled us to ship aggressive and worthwhile development. Within the close to time period, we count on demand to be secure. Our power of agility and responsiveness provides us the boldness to navigate the headwinds arising from crude inflation and forex depreciation,” HUL Chairman and Managing Director Sanjiv Mehta stated.

Representational picture. Reuters.

HUL Chief Monetary Officer Srinivas Phatak stated whereas the corporate expects the demand to be secure within the close to time period, the corporate will be careful for forex depreciation and crude value improve.

Pathak stated the corporate had undertaken a value improve of 2-Three % throughout choose residence care class merchandise — which incorporates manufacturers akin to Domex, Vim and Surf Excel — within the quarter beneath assessment.

The corporate won’t shy in rising costs however won’t lose its market competitiveness, he added.

Income from the private care section through the quarter beneath assessment was at Rs 4,316 crore as towards Rs 3,910 crore a yr earlier, a rise of 10.38 %.

Income from homecare merchandise stood at Rs 3,080 crore, up 12.44 %, in comparison with Rs 2,739 crore reported within the corresponding quarter of the earlier fiscal.

The meals and refreshment class — which included Kissan, Brooke Bond Purple Label tea, Bru espresso and ice cream and frozen desserts enterprise, accounted for Rs 1,704 crore, up 11.66 %, through the quarter as towards Rs 1,526 crore a yr earlier.

The corporate’s board has declared an interim dividend of Rs 9 per share of face worth Re 1 every for the monetary yr ending 31 March, 2019.

For the half yr ended 30 September, 2018, HUL’s internet revenue was up 19.34 % at Rs 3,054 crore as towards Rs 2,559 crore in first half of 2017-18.

Its gross sales was at Rs 18,494 crore within the half yr ended 30 September, 2018, up 6.94 %, as towards Rs 17,293 crore within the earlier fiscal.

In a separate submitting, the corporate additionally introduced the appointment of Leo Puri as an Impartial Director on its board efficient 12 October, 2018.

“Puri, till just lately, was the Managing Director of UTI Asset Administration Firm. He has additionally beforehand served as an Impartial Director in corporations together with Max New York Life Insurance coverage Firm, Infosys, Bennett Coleman & Co,” the corporate stated.

Shares of HUL settled 2.63 % larger at Rs 1,568.65 apiece on the BSE.

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