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HUL Q1 profit grows 15% to Rs 1,792 crore, volume growth weak at 5%

Total consolidated income increased 6 per cent to Rs 10,509 crore during the quarter.|
Updated: Jul 23, 2019, 04.12 PM IST
FMCG major HUL on Tuesday reported 14.50 per cent year-on-year rise in consolidated profit at Rs 1,792 crore for the quarter ended June 30. It company had posted a profit of Rs 1,565 crore in the corresponding quarter last year.

On a standalone basis, profit increased to Rs 1,755 crore, up 14.78 per cent.

Total consolidated income increased 6 per cent to Rs 10,509 crore during the quarter under review against Rs 9,909 crore in the same period last year.

Domestic consumer growth stood at 7 per cent with underlying volume growth at 5 per cent.

Earnings before interest, tax, depreciation and amortization (Ebitda) came at Rs 2,647 crore, up 18 per cent on a yearly basis.

Commenting on the results, Sanjiv Mehta, Chairman and Managing Director said: “Against the backdrop of moderate market growth, HUL has delivered a resilient performance driven by expansion of our consumer franchise, improvement in portfolio mix and sustained growth in margins. Our focus on strengthening the core, leading market development & premiumisation, driving channel transformation and building brands with purpose, continues to serve us well.”

Segmentwise, revenue of home care segment increased 10 per cent to Rs 3,464 crore in Q1FY20. Beauty & personal care and food and refreshment grew 4.14 per cent and 9.37 per cent, respectively.
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