You are here: Home » Markets » News
Business Standard

HUL Q2 results: Profit rises 9% YoY; declares Rs 15 interim dividend

The company declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022

HUL results | Q2 results | Markets

Saloni Goel  |  New Delhi 

HUL unilever

Fast-moving consumer goods (FMCG) maker Hindustan Unilever on Tuesday reported an 8.86 per cent year-on-year rise in standalone net profit at Rs 2,187 crore for the second quarter of the financial year 2021 (Q2FY22). The company's net profit in the corresponding quarter last year came in at Rs 2,009 crore. Meanwhile, on a quarter-on-quarter (QoQ) basis, the figure grew by 6.11 per cent over Rs 2,061 crore.

Its revenue from operations stood at Rs 12,516 crore during the recently concluded quarter, up 10.99 per cent YoY, as against Rs 11,276 crore in the same period last fiscal. The figure rose by 6.7 per cent sequentially. Performance was broad based with all three divisions growing competitively. Business fundamentals remained strong with more than three-fourths of the business gaining market share and penetration, the company said.

Sectorally, the home care segment grew 15 per cent, the beauty and personal care segment 10 per cent and food & refershment segment 7 per cent.

Both the figures matched analysts' projections who had pegged the net profit growth between 8-10 per cent and revenue growth in the range of 10-15 per cent. READ PREVIEW HERE

The earnings before interest, tax, depreciation and amortisation (EBITDA) for the said quarter came in at Rs 3,132 crore versus Rs 2,869 crore in the same period last year. The EBIDTA margin, meanwhile, declined 40 bps YoY to 25 per cent.

"We continue to invest behind building our brands, portfolio and future-fit capabilities. Our focused actions on Net Revenue Management and savings have enabled us to manage inflationary pressures and deliver a healthy bottom-line performance," the company said in an exchange filing.

The company also declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022.

Sanjiv Mehta, Chairman and Managing Director at HUL said: September quarter witnessed a sequential improvement in trading conditions, albeit remained challenging with unprecedented levels of input cost inflation and subdued consumer sentiments. In this backdrop, we have delivered a strong performance growing topline in double digits and stepping up profitability sequentially.

Going forward, the company remains cautiously optimistic about demand recovery. In these times of uncertainty and unprecedented input cost inflation, we continue to firmly focus in delivering Consistent, Competitive, Profitable and Responsible Growth, Mehta added.

Following the declaration of its Q2 numbers, the stock declined 2.67 per cent to Rs 2,583 on the BSE while the BSE Sensex was up 0.25 per cent at 61,920.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, October 19 2021. 14:00 IST