Hindustan Unilever Q1 net profit rises 19% to ₹1,529 crore - Hindustan Times
close_game
close_game

Hindustan Unilever Q1 net profit rises 19% to 1,529 crore

Press Trust of India, Mumbai | ByPress Trust of India
Jul 16, 2018 04:16 PM IST

Total income during the quarter under review stood at ₹9,622 crore, up 3.07% as against ₹9,335 crore in the corresponding quarter a year ago, Hindustan Unilever (HUL) said in a BSE filing.

FMCG major Hindustan Unilever today reported a 19.17% increase in standalone net profit at 1,529 crore for the first quarter ended June 30, 2018.

A pedestrian walks past the Hindustan Unilever Limited (HUL) headquarters in Mumbai.(REUTERS File Photo)
A pedestrian walks past the Hindustan Unilever Limited (HUL) headquarters in Mumbai.(REUTERS File Photo)

The company had posted a net profit of 1,283 crore in the same period of the previous fiscal.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

Total income during the quarter under review stood at 9,622 crore, up 3.07% as against 9,335 crore in the corresponding quarter a year ago, Hindustan Unilever (HUL) said in a BSE filing.

However, the company said comparable domestic consumer growth, reflecting accounting impact of GST (excise duty and net input taxes adjusted from sales of base quarter, and GST refunds to the reported sales of current quarter), was 16% during the quarter.

“In the near term, we see gradual improvement in demand and our focus will continue to be on innovations and market development,” HUL Chairman and Managing Director Sanjiv Mehta said.

He further said, “Crude volatility and currency-led inflation are key risks going ahead and we will continue to manage our business dynamically while driving operational efficiencies.”

“Our strategic agenda remains one of delivering consistent, competitive, profitable and responsible growth,” he added.

During the quarter the company integrated its foods and refreshment divisions.

HUL shares closed at 1,753.85, up 0.73%, on the BSE on Monday.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, June 17, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On