HUL Q2 profit jumps 19% YoY to Rs 1,525 crore, beats Street estimates

image

NEW DELHI: FMCG major Hindustan Unilever on Friday reported a 19 per cent jump in profit after tax (PAT) at Rs 1,525 crore for September quarter, which was higher than a net of Rs 1,445 crore estimated by analysts in an ET NOW poll.

The company said its consumer business logged 12 per cent growth during the quarter, aided by underlying volume growth of 10 per cent.

Revenue for the quarter came in at Rs 9,138 crore compared with Rs 8,199 crore in the corresponding quarter last year.

Ebitda margin expanded by 160 basis points, the company said in a regulatory filing.

Earnings before interest, tax, depreciation and amortisation (Ebitda) for the quarter came in at Rs 2,019 crore, a rise of 20 per cent on a yearly basis.

The board of directors of the company has recommended an interim dividend of Rs 9 per share for the year ending March 31, 2019.

“In the near term, we expect demand to be stable. Our strength of agility and responsiveness gives us confidence to navigate the headwinds arising from crude inflation and currency depreciation. Our strategic agenda remains one of delivering consistent, competitive, profitable and responsible growth,” said Chairman and Managing Director Sanjiv Mehta.

Source: Economic Times