Q1 results: HUL's net profit rises 10.7%, beats Street estimates

Health, hygiene and nutrition grow 16% over pre-Covid levels

Hindustan Unilever (HUL), the country’s biggest fast-moving consumer goods (FMCG) company, on Thursday reported 10.7 per cent growth in its consolidated net profit at Rs 2,100 crore for the April-June quarter (Q1FY22), compared with Rs 1,897 crore in the year-ago quarter.

HUL posted Rs 11,996 crore in net sales, 13.5 per cent higher than the Rs 10,570 crore it had reported in the corresponding quarter last year. As its finances improved significantly during the second Covid-19 wave, HUL’s top management said it remained “cautiously optimistic about the demand recovery”.

The company's performance was better than Street expectations. According to the Bloomberg consensus