This is the first quarter that the company has reported results after the demerger of its ice-cream business.
HUL’s revenue growth stood at 7.6% from last year to ₹16,351 crore. Net profit for the period increased to ₹2,992 crore, up 22% on a year-on-year basis.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹3,841 crore, a growth of 6% from the same quarter last year, while margins stood at 23.5%, compared to 23.8% in the year-ago period.
Here’s how HUL’s other businesses fared during the quarter:
Home care business saw growth of 9%, which is the highest growth in the last 11 quarters. Growth was led by fabric wash, which grew in double-digits and household care, which grew in high-single-digits.
“The segment continues to strengthen its market leadership, backed by strong fundamentals, consumer-centric innovations and sustained market development,” HUL said in its earnings statement.
Beauty and Wellbeing grew by 8% in sales terms and 5% in Underlying Volume Growth. Hair Care saw strong double-digit growth and continued to strengthen its leadership position. Growth was broad-based and across formats.
During the financial year, both Vaseline and Sunsilk crossed the annual turnover of ₹1,000 crore each, taking the total number of brands in this category to 20.
HUL’s Personal Care business grew by 5% from last year. Oral care saw log-single digit growth, while Closeup saw strength in its market share.
Foods business saw growth of 5% in sales and high-single digit underlying volume growth. Underlying volume growth for the tea business was in low-single digits.
Shares of HUL are trading 3% lower after the results announcement at ₹2,254.6. The stock is up 11.5% over the last one month.
