Shares of Hindustan Unilever Ltd fell by 2 per cent following the announcement of robust quarterly results in 2021. The FMCG major's net profit increased to Rs 2,100 crore
New Delhi (Anish Yande): Shares of Hindustan Unilever Ltd fell by 2 per cent on Friday's trading session following the announcement of robust quarterly results in 2021. Hindustan Unilever shares opened at Rs 2,382 per share from its previous close of Rs 2,378 per share on Monday. The shares of the FMCG major rose to an intraday high of Rs 2,391 per share. The market cap of the company rose to Rs 554,057 crore.
Hindustan Unilever Q1 net profit surges 10%:
Hindustan Unilever Ltd reported a consolidated net profit of Rs 1,897 crore in the corresponding quarter last year. The FMCG major's net profit increased to Rs 2,100 crore for the quarter ended June 30. The Q1 net profit rose by 10.7% on a year-on-year basis. The net profit of Hindustan Unilever was recorded at Rs 1,881 crore during the same quarter last year.
The consolidated revenue from operations of Hindustan Unilever rose to Rs 11,915 crore in Q1 FY22. Revenue from operations was at Rs 10,560 crore in the same period last year. The consolidated revenue from operations increased by 12.8 per cent on a year on year basis.
The net sales of Hindustan Unilever are up by 13.21 per cent to Rs 11,966 crore in June 2021 quarter as compared to the net sales of Rs 10,570 crore recorded in June 2020 quarter. Hindustan Unilever's net sales rose 13.21 per cent on a year on year basis.
HUL segment revenue rises in June:
The HUL’s revenue from the home-care segment rose 11.94 per cent to Rs 3,797 crore. The revenue from the home-care segment was recorded at Rs 3,392 crore in the corresponding quarter a year ago. Beauty & Personal Care segment revenue grew 13.41 per cent to Rs 4,585 crore, as compared to Rs 4,043 crore of the corresponding quarter.
HUL's earnings before interest, taxes, depreciation and amortization rose Rs 2,84 crore in Q1 FY22 as compared with Rs 2,644 crore in Q1 FY21, at an increase of 7.7%. Ebitda margins weakened to 23.9% against 25%, on a year-on-year basis.
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