HUL gains after decent Q4 results

Hindustan Unilever rose 1.86% to Rs 1532.95 at 9:17 IST on BSE after net profit rose 14.20% to Rs 1351 crore on 11.15% rise in net sales to Rs 9003 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours yesterday, 14 May 2018.

Meanwhile, the S&P BSE Sensex was up 22.38 points, or 0.06% to 35,579.09.

On the BSE, 27,000 shares were traded in the counter so far compared with average daily volumes of 77,000 shares in the past two weeks. The stock had hit a high of Rs 1,543.25 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 1,525 so far during the day. The stock hit a 52-week low of Rs 974.80 on 15 May 2017.

Volume growth for the quarter stood at 11%, Hindustan Unilever (HUL) said in a BSE filing.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 24% to Rs 2048 crore in Q4 March 2018 over Q4 March 2017. Ebitda margins for the quarter improved by 160 basis points led by strong savings programme.

Despite a step up in competitive intensity, HUL has delivered another strong performance for the quarter and the year. Growth and improvement in profitability have been sustained through a combination of winning innovations and a relentless focus on operational efficiencies, said Chairman, Harish Manwani. HUL sees gradual improvement in demand in the near term, he added.

HUL is India's largest fast moving consumer goods company.

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