Shares of Hindustan Unilever rose 0.50% to end at Rs 2,014.70 ahead of the FMCG major's Q2 results announced after trading hours today, 14 October 2019.
On a consolidated basis, Hindustan Unilever (HUL)'s net profit jumped 23.42% to Rs 1,818 crore on a 5.14% increase in total income to Rs 10,223 crore in Q2 September 2019 over Q2 September 2018.
On a standalone basis, net profit soared 21.18% to Rs 1,848 crore on a 5.16% increase in total income to Rs 10,032 crore in Q2 September 2019 over Q2 September 2018.
HUL said domestic consumer growth was 7% with underlying volume growth was at 5%. Margin expansion was driven by improved mix, benign commodity price movement in HUL's large segments and its savings agenda.
Sanjiv Mehta, chairman and managing director commented: "Amidst a challenging market environment, HUL has delivered another quarter of resilient performance and sustained margin improvement. HUL's focus on consumer value, excellence in execution and market development continues to serve it well. The near-term outlook for demand especially in rural India remains challenging."
Meanwhile, S&P BSE Sensex was up 87.39 points or 0.23% closing at 38,214.87.
Hindustan Unilever is engaged in fast-moving consumer goods business comprising home and personal care, foods and refreshments.
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