BackHUL Q1 results: Net profit rises 7% to ₹1,881 crore, FMCG major announces dividend of ₹9.5
Revenue of the company increased 4.23% YoY to ₹10,406 crore during the quarter under reviewThe company declared an interim (special) dividend of ₹9.50 per share for the financial year ending March 31, 2021
PremiumHindustan Unilever Ltd (HUL) today reported a 7% year-on-year increase in standalone net profit at ₹1,881 crore for the quarter ended on June 30. The company reported a net profit of ₹1,775 in the same quarter last year.
Revenue of the company increased 4% YoY to ₹10,406 crore during the quarter under review. Earnings before interest, tax, depreciation and amortization (EBITDA) fell 0.1% year-on-year to ₹2,644 crore and margin declined 120 bps to 25% in June quarter 2020.
"In a challenging context of COVID-19 disrupting markets and operations, HUL delivered a resilient performance with reported turnover growth of 4 percent and profit after tax and before exceptional items growing by 7 percent. Domestic consumer growth (excluding impact of merger with GSK Consumer Healthcare India) stood at -7 percent," the FMCG company said.
The company declared an interim (special) dividend of ₹9.50 per share for the financial year ending March 31, 2021.
"Our performance in the quarter has been resilient and reflective of the intrinsic strength of our portfolio, agility in operations, excellence in execution, purpose-driven leadership and our strong balance sheet," Sanjiv Mehta, chairman and managing director said.
"While constraints continue due to restrictions in several parts of the country and the near-term demand outlook remains uncertain, we remain well positioned to drive competitive, profitable, and responsible growth. The long-term structural opportunity of FMCG in India also remains intact," he added.
In April, the board of directors of Hindustan Unilever Limited (HUL) approved the merger with GlaxoSmithKline Consumer Healthcare Limited (GSK CH India).
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