INSUBCONTINENT EXCLUSIVE:
NEW DELHI: FMCG major Hindustan Unilever (HUL) on Friday posted 19.51 per cent year-on-year rise in net profit at Rs 1,525 crore for
quarter ended September 30
The firm had posted a profit of Rs 1,276 crore in the corresponding quarter last year.
Sales increased by 11.45 per cent YoY to Rs 9,138
crore for the quarter under review against Rs 8,199 crore in the year-ago period
Domestic consumer growth stood at 12 per cent with underlying volume growth at 10 per cent
Earlier in the day, shares of HUL closed 2.63 per cent up at Rs 1,568.65 on the BSE, while the benchmark BSE Sensex closed 2.12 per cent up
at 34,733.58.
Here are five key takeaways from HUL’s Q2 earnings:What’s in it for shareholdersThe company's board has declared an
interim dividend of Rs 9 per share on the face value Re 1 each for the financial year ending March 31
The record date for the purpose of dividend has been fixed as October 26, and the same will be paid to the shareholders on or after November
1.
Segment-wise revenueRevenue from homecare segment increased 12.45 per cent to Rs 3,080 crore against Rs 2,739 crore last year
Beauty personal care, food and refreshment and others (including exports, infants and femine care etc) posted 10.38 per cent, 11.66 per
cent and 4.49 per cent YoY rise in revenue in Q2FY19.
“Stellar performance in homecare continued with fabric wash and household care
delivering double-digit growth
Our market development and premiumisation initiatives are delivering good results,” the company said in a release.
Operating profit
jumpsThe company’s savings programme and leverage in other expenses has enabled it to mitigate material inflation and drive margin
As a result, earnings before interest, tax, depreciation, and amortisation (Ebitda) jumped 20 per cent to Rs 2,019 crore.
Management
talkSanjiv Mehta, Chairman and Managing Director | We have delivered another strong performance
Our focus on strengthening the core, leading market development and driving excellence in execution has enabled us to deliver competitive
In the near term, we expect demand to be stable
Leo Puri appointed as independent director HUL also announced that the appointment of Leo Puri (57) as an independent director to its
board, effective October 12.
