Fast Moving Consumer Goods giant Hindustan Unilever announced its performance metrics for the July-September quarter on Tuesday, October 19. The company’s net profit saw a year-on-year increase of 10. 69 per cent in Q2FY22, standing at Rs. 2,185 crores in the quarter ending September 30.
In the corresponding quarter last year, the company had posted a net profit of Rs.1,974 crores. Meanwhile, on a quarter-on-quarter (QoQ) basis, the figure rose by 6.11 per cent to over Rs 2,061 crore.
In a regulatory filing to the exchanges, the company reported that its revenue from operations stood at Rs. 12,812 crores in the Q2FY22, up 11.31 per cent from the previous corresponding quarter which recorded total revenue of Rs. 11,510 crores.
The company declared that all three of its business divisions grew in the quarter under review with more than three-fourths of the business expanding market share and penetration.
Hindustan Unilever’s home care business gained 15 per cent, while the beauty and personal care segment grew 10 per cent year-on-year. Its food & refreshment division also grew by 7 per cent in Q2FY22. The growth of all three sectors matched the projections made by analysts for the second quarter of the current financial year.
The earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter under review was reported to be Rs 3,132 crore as compared to Rs 2,869 crore recorded in the same period last year. Meanwhile, the EBITDA margin declined 40 basis points YoY to 25 per cent.
Sanjiv Mehta, Chairman and Managing Director at HUL said in the regulatory filing that the September quarter observed a persistent improvement in trading conditions, despite being a challenging quarter due to “unprecedented levels of input cost inflation and subdued consumer sentiments.”
Keeping in mind the market conditions, the company has reported a “strong performance growing topline in double digits and stepping up profitability sequentially,” he stated.