HUL Q2 net up 10.69% at Rs 2,185 crore, declares interim dividend of Rs 15/share

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FMCG major Hindustan Unilever Ltd on Tuesday reported an increase of 10.7% in its consolidated net profit at Rs 2,185 crore for the second quarter ended September 2021. The company had posted a net profit of Rs 1,974 crore in the same quarter of the previous fiscal. On a sequential basis that is Q1FY22, the company posted a consolidated net profit of Rs 2,100 crore.

Its net sales during the quarter under review stood at Rs 12,812 crore, up 11.31%, as against Rs 11,510 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.

“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,” said Sanjiv Mehta, Chairman and Managing Director of HUL.

EBITDA (Earnings Before Interest Tax Depreciation & Amortization) margin was stepped up sequentially vs Q1FY21 and is at 25%. Margins were aided by companies focused actions towards net revenue management and savings have enabled us to manage inflationary pressures.

The company has also declared an interim dividend of Rs 15 per equity share for the financial year ending 31 March 2022.

Soon after the results announcement, HUL’s scrip slipped 2.32% and was trading at Rs 2,592 in afternoon deals on NSE.