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FMCG major Hindustan Unilever on Tuesday reported 11% growth in standalone net profit at Rs 2,289 crore for the quarter ending June 30, 2022 as against Rs 2,061 crore in the year-ago period.
The company’s total income rose 20% to Rs 14,409 crore in Q1FY23 as against Rs 11,982 crore in Q1FY22.
“During the quarter, our turnover grew 19% with underlying volume growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares. EBITDA margin at 23.2% remained healthy despite unprecedented inflationary headwinds. Profit After Tax before exceptional items (PAT bei) grew 17% and Profit After Tax (PAT) grew 11%,” the company said in a stock exchange filing.
Sanjiv Mehta, CEO and Managing Director commented: “In an environment which remains challenging, marked by
unprecedented inflation and consequential impact on consumption, we have delivered yet another quarter of robust topline and bottom-line performance. We have grown competitively whilst protecting our business model by maintaining margins in a healthy range. While there are near term concerns around inflation, the recent softening of commodities, forecast of a normal monsoon, and monetary/ fiscal measures taken by the government augur well for the industry. We are confident of the medium to long term prospects of the Indian FMCG sector and remain focused on delivering a Consistent, Competitive, Profitable and Responsible growth.”
On Tuesday, the company’s scrip on BSE closed trading 0.5% higher at Rs 2,568.
The company also announced the appointment of Yogesh Mishra as Executive Director, Supply Chain, HUL and Head – Supply Chain, Unilever South Asia with effect from September 1, 2022. Yogesh takes over from Willem Uijen who has been elevated as the Chief Procurement Officer for Unilever, globally.
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