HUL Q1 performance improves as rural consumption starts recovering

With green shoots in rural recovery, FMCG maker Hindustan Unilever posted a 2.19 per cent increase sequentially in consolidated net profit at ₹2,612 crore for the quarter that ended in June as opposed to ₹2,556 crore reported in the same quarter last year.

The company saw an uptick in volume growth with 4 per cent as compared to the 2 per cent volume growth reported in the March quarter. The company’s net profit increased compared to the previous quarter of ₹2,561 crore.

Revenue from sales of products grew 1.68 per cent to ₹15,497 crore during the reporting period against ₹15,240 crore during the same quarter last year. Revenue from sales of products grew by 3.22 per cent from ₹15,013 crore in the March quarter.

Sectoral growth

The total sales for the company was at ₹15,523 crores and grew by 2 per cent during the quarter. The home care category grew to 5,675 crore, personal care grew to ₹2,386 crores, beauty and wellbeing grew to ₹3,199 crore while food and…

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