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earnings | IST

Hindustan Unilever's Q1 profit up 19% to Rs 1,529 crore, misses estimates

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Indi's largest fast moving consumer goods (FMCG) company reported the net profit for the first quarter of Rs 1,529 crore. Rising sales of herbal products and the lower base helped the company to report double-digit growth in volumes in this quarter.

Hindustan Unilever, one of India's largest fast moving consumer goods (FMCG) company reported net profit for the first quarter of Rs 1,529 crore, falling short of CNBC-TV18 estimates of Rs 1,539 crore.
The net profit for the company rose 19.2% on a yearly basis.
India’s largest listed consumer packaged goods firm by sales also reported a rise in revenue to Rs 9,622 crore, up 3.07% on a year-on-year basis.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) also rose 21% to Rs 2,252 crore.
HUL's comparable domestic sales rose 16% during the June quarter.
Rising sales of herbal products and the lower base helped the company to report double-digit growth in volumes in this quarter.
Increasing competition in personal care categories, new product launches and the performance of herbal products were keenly watched by analysts.
Rural growth is still not back to historic growth  rates, but rural is growing faster than urban on a low base, the company said.
In the first quarter of financial year 2018, the company had posted a net profit of Rs 1,296 crore.
At closing, Hindustan Unilever's stocks were up 1.2%, at Rs 1,762 per share on the BSE.