Industry

HUL Q2 net rises 9% on robust performance across verticals

Hindustan Unilever Limited said its growth in the second quarter was "broad-based" with all three divisions growing competitively. File   | Photo Credit: Reuters

Hindustan Unilever Ltd. (HUL) reported its net profit for the second quarter ended September 30, 2021 grew 9% to ₹2,187 crore compared with the year-earlier period on the back of robust broad-based performance in a challenging environment.

The company also reported a domestic consumer growth of 11% during the quarter. “The performance was broad-based, with all three divisions — home care, beauty and personal care, and food and beverages — growing competitively,” the company said in a filing.

“Business fundamentals remained strong with more than three-fourths of the business gaining market share and penetration,” HUL said.

“Our focused actions on net revenue management and savings have enabled us to manage inflationary pressures and deliver a healthy bottom-line performance,” said CFO and Executive Director – Finance Ritesh Tiwari.

The company’s board has declared an interim dividend of ₹15 per share for the year ending March 31, 2022.

“September quarter witnessed a sequential improvement in trading conditions, albeit remained challenging with unprecedented levels of input cost inflation and subdued consumer sentiments,” said Chairman and Managing Director Sanjiv Mehta. “In this backdrop, we have delivered a strong performance, growing top-line in double digits and stepping up profitability sequentially,” he said.


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Printable version | Dec 4, 2021 11:14:14 AM | https://www.thehindu.com/business/Industry/hindustan-unilever-q2-net-rises-107-to-2185-crore-sales-up-by-113-at-12812-crore/article37071749.ece

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