HUL Q1 net up 3.6% at Rs 1,057 cr

Total income rises 10% to Rs 7,716 cr

FMCG major Hindustan Unilever Limited reported a 3.68% increase in net profit at Rs 1,057 crore for the quarter ended June 30, 2014. It was Rs 1,020 crore in the same period a year ago.

The total income rose 10.4% to Rs 7,716 crore as against Rs 6,986 crore in June 2013.

HUL's net sales climbed to Rs 7,570.78 crore in Q1, 2014-15, from Rs 6,687.50 crore a year ago, up 13.20%.

 

HUL Chairman Harish Manwani said: "We continue to grow ahead of our markets and have delivered another quarter of strong top and bottom-line performance.

 

"While we are seeing headwinds on market growth, consumer spending and inflation, we remain focused on managing the business for long term competitive and profitable growth and implementing our strategy with even greater rigour."

 

Overall expenses in Q1 stood at Rs 6,466.52 crore, as against Rs 5,789.88 crore in the year-ago period.

The company's stocks on BSE were trading 2.6% higher at Rs 679.5 apiece at 1425 hours on Monday.