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HUL Q1 net profit jumps 9.6% to Rs 2,061 cr; revenue up 12.8%


Worldwide FMCG big HUL on Thursday reported 9.6 per cent development on its internet revenue for the April-June quarter on a year-on-year foundation at Rs 2,061 crore. HUL had reported a internet revenue of Rs 1,881 crore within the April-June quarter final 12 months.

The corporate’s income rose 12.Eight per cent to Rs 11,915 crore in Q1 FY22 in comparison with Rs 10,560 crore income in Q1 FY21. EBITDA for the quarter grew 7.7 per cent to Rs 2,847 crore vs Rs 2,644 crore in Q1 FY21. The corporate recorded a 23.9 per cent margin in Q1 FY22 vs 25 per cent in Q1 FY22.

HUL chairman and MD Sanjiv Mehta mentioned HUL has delivered a robust efficiency throughout topline and  bottomline. “Our efficiency within the quarter has been resilient and is  reflective of our capabilities, the agility in our operations and the intrinsic energy of our portfolio. The second wave of COVID-19 introduced upon us a extreme humanitarian disaster.”

He mentioned HUL launched ‘Mission HO2PE’ to assist the nation through the tough interval of Covid-19.

Among the many completely different verticals, residence care grew 12 per cent, enabled by double-digit development in material wash, mentioned the corporate, including that family care continued to develop in excessive double-digits on a  sturdy base.

Magnificence and private care grew 13 per cent, led by hair care and skincare, each rising  in excessive double-digits. Meals and refreshment grew 12 per cent. Ketch-ups and soups proceed to carry out nicely, led by sturdy quantity development.

HUL additionally introduced the retirement of Dev Bajpai, government director, authorized and company affairs and firm secretary, efficient March 31, 2022.

Dev has been a key member of HUL administration committee, the HUL board of administrators and the South Asia management crew. His successor might be introduced sooner or later, the corporate mentioned.

 

 



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