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Published
Oct 20, 2021
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HUL Q2 net profit jumps 11 percent to Rs 2,185 crore

Published
Oct 20, 2021

FMCG major Hindustan Unilever witnessed an 11 percent rise in its consolidated net profit to Rs 2,185 crore ($291 million) for the second quarter ended September 30, as against a net profit of Rs 1,974 crore it reported in the year-ago period.
 

HUL Q2 net profit jumps 11 percent to Rs 2,185 crore - HUL - Facebook


The company’s revenue for the quarter rose by 12 percent to Rs 12,812 crore, against Rs 11,510 crore it reported in the corresponding period of the previous fiscal year.
 
HUL’s total expenses were at Rs 10,129 crore, as compared to Rs 9,054 crore in the year-ago period.

Commenting on the Q2 results, HUL chairman and managing director Sanjiv Mehta, in a statement said: “The September quarter witnessed a sequential improvement in trading conditions, albeit remained challenging with unprecedented levels of input cost inflation and subdued consumer sentiments. Against this backdrop, we have delivered a strong performance growing top line in double digits and stepping up profitability sequentially,”
 
On the outlook, Mehta added: "HUL remains cautiously optimistic about demand recovery. In these times of uncertainty and unprecedented input cost inflation, we continue to firmly focus on delivering consistent, competitive, profitable, and responsible growth.”
 
Hindustan Unilever is the country’s largest consumer goods company and is expecting stable demand for the next financial year.

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