HUL slips in volatile trade after declaring Q1 result

Hindustan Unilever fell 1.66% to Rs 897.65 at 14:33 IST on BSE after net profit rose 0.21% to Rs 1059.14 crore on 3.72% growth in total income to Rs 8213.74 crore in Q1 June 2015 over Q1 June 2014.

The result was announced during market hours today, 21 July 2015.

Meanwhile, the BSE Sensex was down 28.29 points, or 0.1%, to 28,391.83

On BSE, so far 4.05 lakh shares were traded in the counter, compared with an average volume of 1.20 lakh shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 917 and a low of Rs 872.55 so far during the day. The stock hit a record high of Rs 979 on 11 March 2015. The stock hit a 52-week low of Rs 620.25 on 18 July 2014.

The large-cap FMCG major has an equity capital of Rs 216.39 crore. Face value per share is Re 1.

Hindustan Unilever (HUL) said that during Q1 June 2015, the domestic consumer business grew at 5%, with 6% underlying volume growth. The growth in Q1 June 2015 was impacted by the phasing out of excise duty incentives and price de-growth, as the benefit of lower commodity costs was passed on to consumers, HUL said.

In soaps and detergents segment, HUL said that healthy volume growth in Q1 June 2015 was offset by price deflation. Personal products segment saw strong quarter with double digit growth across skin, hair and colour cosmetics in Q1 June 2015. Beverages segment saw broad based growth across brands in Q1 June 2015. Packaged foods segment saw seventh successive quarter of double digit growth in Q1 June 2015. The company strengthened its category leadership in water segment in Q1 June 2015, HUL said.

HUL said that the company's margin improvement was sustained as input costs were benign resulting in a 380 basis points reduction in cost of goods sold. Overall competitive intensity remained high across categories, HUL said. Profit before interest and tax (PBIT) grew by 15% and PBIT margin improved by 140 basis points in Q1 June 2015 over Q1 June 2014. Profit after tax before exceptional items, PAT (bei), grew by 3% to Rs 1053 crore in Q1 June 2015 over Q1 June 2014. Net profit remained flat at Rs 1059 crore in Q1 June 2015 over Q1 June 2014 as the growth was impacted by the one-time profit on sale of investments in the base quarter and the higher tax rate, HUL said.

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

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