HUL Q1 net rises 18% at Rs 627 cr

FMCG giant Hindustan Unilever (HUL) today posted a 18% increase in net profit to Rs 627 crore for the quarter ended June 30, 2011, on the back of strong volume growth across segments.

The net profit in the corresponding quarter last year was posted at Rs 533 crore.

During this year's June quarter period, the company's net sales jumped by 36% to Rs 6,504 crore from Rs 4,794 crore in the corresponding quarter last fiscal.

Total income has increased 14.46% to Rs 5,630 crore for the quarter ended June 30, 2011 from Rs 4,918 crore for the quarter ended June 30, 2010. Revenue of Rs 5,503 crore has been registered.

Exceptional gains at Rs 58 crore as compared to Rs 18 crore y-o-y.

"This is the fourth consecutive quarter of double-digit growth, led by a combination of innovations, market development and relentless focus on execution," HUL chairman Harish Manwani said in a statement.

During the quarter, the firm said its domestic consumer business grew by 15%, while its home and personal care business grew by 15%.

"In a challenging business environment, we are managing our business dynamically to ensure that we remain competitive and cost-efficient," Manwani said.

Shares of HUL were trading 0.54% lower at Rs 324.15 apiece on the Bombay Stock Exchange today.