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Hindustan Unilever (HUL) has moved higher by nearly 4% to Rs 688, bouncing back 5% from intra-day low, after reporting a better-than-expected 3.7% year-on-year (yoy) jump in net profit at Rs 1,057 crore for the quarter ended June 30, 2014 (Q1), on back of strong volume growth. The fast moving consumer goods (FMCG) company had profit of Rs 1,019 crore in the same quarter last fiscal.
Total operational income grew 13% to Rs 7,716 crore for the quarter against Rs 6,809 crore in the corresponding quarter of previous year.
Analyst on an average had expected profit of Rs 968 crore on net sales of Rs 7,447 crore for the quarter.
During the quarter, the domestic consumer business grew at 13%, ahead of market, with 6% underlying volume growth. All segments registered double digit growth, HUL said in a statement.
EBITDA or operating margins for the June quarter improved 130 basis points, it added.
The stock opened at Rs 664 and touched a low of Rs 654 on NSE. A combined 3.38 million shares changed hands on the counter so far on NSE and BSE.
Total operational income grew 13% to Rs 7,716 crore for the quarter against Rs 6,809 crore in the corresponding quarter of previous year.
Analyst on an average had expected profit of Rs 968 crore on net sales of Rs 7,447 crore for the quarter.
During the quarter, the domestic consumer business grew at 13%, ahead of market, with 6% underlying volume growth. All segments registered double digit growth, HUL said in a statement.
EBITDA or operating margins for the June quarter improved 130 basis points, it added.
The stock opened at Rs 664 and touched a low of Rs 654 on NSE. A combined 3.38 million shares changed hands on the counter so far on NSE and BSE.
