Hindustan Unilever Ltd (HUL) on Tuesday reported profit after tax (PAT) PAT at Rs 2,289 crore for the quarter ended 30 June 2022, up from Rs 2,061 crore in same period last year.

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Hindustan Unilever Ltd (HUL) on Tuesday reported an 11.06 per cent on-year jump in standalone net profit at Rs 2,289 crore compared with Rs 2,061 crore in the same quarter last year. Consolidated net profit was Rs 2,391 crore for the quarter ended June, up 13% on-year. Revenues from operations jumped 19.48 per cent on-year to Rs 14,016 crore compared with Rs 11,730 crore in the corresponding quarter last year. EBITDA margin at 23.2% “remained healthy despite unprecedented inflationary headwinds”, the company said. The FMCG major logged a 6 per cent volume growth for the quarter. HUL shares rose half a per cent ahead of Q1 earnings announced to end at Rs 2,568 on NSE.

Home Care delivered 30% growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits with all parts of the portfolio performing well. Liquids and Fabric Sensations continued to outperform driven by effective market development actions. Calibrated price increases were taken across Fabric Wash and Household Care portfolios as input cost continue to inflate at significantly high levels. During the quarter Comfort Delicates was launched which is specially made for delicate clothes.

Beauty & Personal Care growth of 17% was broad based. Hair Care grew in high double-digit led by strong performance in premium portfolio. Soaps delivered price-led double-digit growth driven by strong performance in Lux, Dove and Pears. Skin Care and Color Cosmetics delivered strong YoY growth on a soft base. Premium portfolio in Skin Care performed well and is significantly ahead of pre-Covid levels. Calibrated pricing action were taken across the portfolio to offset the impact of record inflation in input costs. During the quarter, Tresemme’s Hair Care range ‘Pro Pure’, Baby Dove Derma Protect Baby Wash, Vaselines’s summer range of body moisturisers and Lakme’s Facial Foams were launched.

Foods & Refreshment grew 9% driven by solid performance in Ice-cream, Coffee and Food Solutions. Ice Cream had a very strong quarter broad based across brands and formats taking it significantly ahead of pre-COVID levels. Tea delivered steady performance and cemented its market leadership. Coffee had a strong quarter growing in double-digit. Health Food Drinks continued to gain market share and penetration on the back of focused market development actions. Foods grew in double-digit led by Jams. Unilever Food Solutions delivered a solid performance and continued to build its salience with professional chefs.

HUL Q1 profit jumps 11% to Rs 2,289 crore; revenue rises 19.5%, EBIDTA margin at 23.3%