HUL Q1 internet revenue grows 10% yoy to Rs 2,061 crore, revenues soar 13%

Quick-moving shopper items (FMCG) maker Hindustan Unilever (HUL) on Thursday reported stand-alone internet revenue of Rs 2,061 crore for the quarter ended June 2021, implying progress of 9.56% over one yr (YoY) foundation. Its self-sustaining internet revenue stood at Rs 1,881 crore within the corresponding quarter of the earlier fiscal yr. On a sequential foundation, revenue for the quarter declined 3.8% from Rs 2,143 crore posted within the March 2021 quarter.

Personal-source working income within the first quarter of fiscal yr 2021-22 (FY22) elevated 12.83 p.c year-on-year, however decreased 1.8 p.c quarter-on-quarter (QoQ) to Rs 11 915 crore. The determine stood at Rs 10,560 crore in the identical quarter final yr and Rs 12,132 crore within the earlier quarter.

“Towards a troublesome backdrop of Covid Wave 2, HUL delivered a powerful efficiency with residence consumption progress of 12%, underlying quantity progress of 9% and after-tax revenue progress of 10%. The efficiency was broad with the three divisions. in aggressive and double-digit progress. Our enterprise fundamentals stay robust, a lot of our enterprise is gaining penetration, ”the corporate mentioned in submitting its outcomes.

On the working entrance, its earnings earlier than curiosity, taxes, depreciation and amortization (Ebitda) elevated 8% year-on-year to Rs 2,847 crore from Rs 2,644 crore. The EBITDA margin, nonetheless , for the interval suffered excessive uncooked materials prices and fell 110 foundation factors yr on yr to 24 p.c. Our focused actions on managing internet earnings and financial savings have enabled us to handle inflationary pressures and ship wholesome backside strains, he added.

The outcomes have been broadly in keeping with Road’s expectations. Most brokerages have been forecasting revenue progress within the vary of 7-15% year-on-year, whereas income projections have been between 11-20%. READ HERE

“Our efficiency throughout the quarter was resilient and displays our capabilities, the agility of our operations and the intrinsic power of our portfolio. Wanting forward, we stay cautiously optimistic in regards to the restoration in demand. progress and margins inside a wholesome vary, ”mentioned Sanjiv Mehta, President and CEO of HUL.

After the presentation of the primary quarter outcomes, the inventory was buying and selling down 1.45% to Rs 2,398.65 per share, towards an increase of 1.12% for BSE Sensex to 52,782.

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