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HUL's Net Sales Rise by 7% in First Quarter - The Economic Times

Hindustan Unilever Ltd (HUL) reported a 7% rise in net sales for the first quarter ending June 2019. Net sales were Rs 9,984 crore, with volume growth of 5%. Net profit increased 15% to Rs 1755 crore. While market growth has moderated, HUL delivered a resilient performance driven by expanding its consumer base, improving its product mix, and sustaining growth in margins, according to HUL Managing Director Sanjiv Mehta. Earnings before interest, tax, depreciation and amortization grew 18% to Rs 2647 crores.

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64 views1 page

HUL's Net Sales Rise by 7% in First Quarter - The Economic Times

Hindustan Unilever Ltd (HUL) reported a 7% rise in net sales for the first quarter ending June 2019. Net sales were Rs 9,984 crore, with volume growth of 5%. Net profit increased 15% to Rs 1755 crore. While market growth has moderated, HUL delivered a resilient performance driven by expanding its consumer base, improving its product mix, and sustaining growth in margins, according to HUL Managing Director Sanjiv Mehta. Earnings before interest, tax, depreciation and amortization grew 18% to Rs 2647 crores.

Uploaded by

Tanisha Agarwal
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11/16/2019 HUL's net sales rise by 7% in first quarter - The Economic Times

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HUL's net sales rise by 7% in first quarter


BY ET BUREAU | JUL 23, 2019, 04.48 PM IST Post a Comment

Hindustan Unilever Ltd (HUL) on Tuesday said market growth has moderated, as it posted
7% revenue growth in the first quarter.

Net sales were Rs 9,984 crore in the three months to June, with volume growth of 5%,
consistent with HUL’s expansion strategy over the past couple of years. Net profit at the
maker of Rin detergents and Lux soap climbed 15% to Rs 1755 crore.

The local unit of the Anglo-Dutch major, long considered an accurate proxy for broader
consumer sentiment in India, has been facing macro-economic factors such as declining
liquidity and slower wage increases restrained sales growth.

"Against the backdrop of moderate market growth,


"Against the backdrop of moderate market growth, HUL has delivered a resilient
HUL has delivered a resilient performance driven by
performance driven by expansion of our consumer franchise, improvement in portfolio mix expansion of our consumer franchise, improvement
and sustained growth in margins," HUL Managing Director and Chairman Sanjiv Mehta in portfolio mix and sustained growth in margins,"
HUL Managing Director and Chairman Sanjiv Mehta
said. "Our focus on strengthening the core, leading market development and said.
premiumisation, driving channel transformation and building brands with purpose,
continues to serve us well."
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Consumption in rural India, which accounts for about a third of the market, has been under
Hindustan U…
stress over the past three quarters even though its rate of expansion has been faster than
that in the cities. Rural growth rates, which were nearly double those in urban areas, Big Change:
moderated to 1.5 times in the December quarter and subsequently about 1.2 times in the The end of Five-Year Plans: All you need to know

March quarter.

Earnings before interest, tax, depreciation and amortization (EBITDA) at Rs 2647 crores was up by 18%.

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