Home Market HUL Q1 profit rises 19% YoY to Rs 1,529 crore, meets expectations

HUL Q1 profit rises 19% YoY to Rs 1,529 crore, meets expectations


NEW DELHI: FMCG major Hindustan Unilever on Monday reported at 19.17 per cent YoY jump in net profit at Rs 1,529 crore for the quarter ended June 30, 2018. It had posted a net profit of Rs 1,283 crore in the corresponding quarter last year.

ET NOW poll had predicted a net profit of Rs 1,525 crore.

Revenue from operations of the company increased 2.88 per cent YoY to Rs 9,356 crore in Q1FY19 over Rs 9,094 crore in Q1FY18. Volume for the quarter rose 12 per cent on year-on-year basis, which was in line with expectations.

Ebitda for the quarter stood at Rs 2,251 crore, beating Rs 2192 crore estimated by ET Now poll. The FMCG major had reported Rs 1866 crore Ebitda in the corresponding quarter last year.

Ebitda margins for the quarter expanded to 24.1 per cent from 21.9 per cent in the year-ago quarter. The number was much higher than 22.9 per cent estimated by analysts in the ET Now poll.

Earnings per share of the company increased to Rs 7.06 in June quarter from Rs 5.93 in the same quarter last year.

“We have delivered another strong performance in the quarter, with double-digit volume growth across all three divisions and further improvement in margins. This quarter also saw the integration of foods and refreshment divisions which will help us increase organizational agility and better serve local consumers while harnessing the advantage of global scale," Chairman and Managing Director Sanjiv Mehta said.

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