The numbers beat an ET Now poll estimate of Rs 1,700 crore by a wide margin.
The firm had reported a PAT of Rs 1,525 in the corresponding quarter last year.
The volume growth for the soap maker rose 5 per cent for the quarter compared with a 10 per cent growth in the year-ago quarter.
The revenue for the quarter ended September 2019 stood at Rs 9,852, up 6.69 per cent YoY over Rs 9,234 crore in the same quarter last year.
Ebidta for the quarter came in at Rs 2,443 crore, up 21 per cent YoY. The firm had posted an Ebidta of Rs 2,019 crore in the September quarter last year. After adjusting for change in taxes, Ebidta growth stood at Rs 16 per cent.
The company declared an interim dividend of Rs 11 per share.
Earnings at a glance:
|Profit||Rs 1,848 crore||Up 21%|
|Revenue||Rs 9,852||Up 6.69%|
|Ebidta||Rs 2,443||Up 21%|
|Dividend||Rs 11 per share||--|
Meanwhile, the company announced the appointment of Willem Uijen as Executive Director, Supply Chain and a member of the HUL Board with effect from January 1, 2020.
Reported Ebitda improvement was 310 bps (200 bps on comparable basis after adjusting for accounting impact of Ind AS 116 on leases). Profit after tax (bei) grew by 20 per cent.
The company said that the near-term outlook for demand especially in rural India remains challenging.
“HUL remains well positioned to unlock the structural FMCG India opportunity while navigating the short-term challenges. We continue to progress our ‘purpose-led and future-fit’ agenda which is underpinned by our sustainability initiatives and ‘Re-imagining HUL’ driven by leveraging data and technology in all aspects of our operations,” it said.
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9 Comments on this Story
Hindi new songs Matkar413 days ago
India is poor because of bureaucracy and socialist policies.
Niveza Equity Research413 days ago
In spite of decreased Rural demand, HUL has reported remarkable growth of 21% YoY in net profits for Q2FY20. The FMCG major has very wide market capitalization and clientele base along with very concrete fundamental figures. Its 5-year ROE, ROCE and ROA are 80.29%, 113.29% and 33.84% sequentially. The stock has climbed today with positive market expectations. Search Google for Niveza FREE Share Market Tips today.
Chandramouli Chandrasekaran413 days ago
Bhakts are a proven idiot. They still doesnt understand HUL revenue is growing only in single digits. It used to grow in high teens before Demo