FMCG major Hindustan Unilever today reported a 19.17 per cent increase in standalone net profit at Rs 1,529 crore for the first quarter ended June 30, 2018, led by strong volume growth and sustained margin improvements.
The company had posted a net profit of Rs 1,283 crore in the April-June quarter a year-ago, HUL said in a BSE filing.
Its total income during the quarter under review stood at Rs 9,622 crore, up 3.07 per cent as against Rs 9,335 crore in the corresponding quarter a year ago.
"During the quarter, our comparable domestic consumer growth was 16 per cent with underlying a volume growth at 12 per cent," HUL said in a statement.
Commenting on the results, HUL Chairman and Managing Director Sanjiv Mehta said: "We have delivered another strong performance in the quarter, with double digit volume growth across all three divisions and further improvement in margins."
Over the outlook, Mehta said that the company expects "a
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