HUL Q1 net up 6% to Rs 1,897 crore

(Representative image)

MUMBAI: Hindustan Unilever Limited (HUL) has reported a 6% growth in its consolidated net profit of Rs 1,897 crore in the first quarter ended June 30, 2020, while total income rose by about 4% to Rs 10,885 crore, even as Covid-related challenges continued to disrupt markets and operations.
Domestic consumer growth (excluding impact of merger with GSK Consumer Healthcare India) stood at -7% (minus 7%).
Sanjiv Mehta, CMD, HUL, said: “Our performance in the quarter has been resilient and reflective of the intrinsic strength of our portfolio, agility in operations, excellence in execution, purpose-driven leadership and our strong balance sheet. I take this opportunity to acknowledge the superlative efforts of thousands of our people in our factories and sales organization who have worked with a higher purpose of ensuring availability of essential products to the citizens of our country in these extremely challenging times. While constraints continue due to restrictions in several parts of the country and the near-term demand outlook remains uncertain, we remain well positioned to drive competitive, profitable, and responsible growth. The long-term structural opportunity of FMCG in India also remains intact.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *