INSUBCONTINENT EXCLUSIVE:
Hindustan Unilever (HUL) delivered robust year-on-year growth in profit amid demand slowdown thanks to better performance is homecare, food
and refreshment segments.
Volume growth slowed to 5 per cent for the quarter compared with a 10 per cent expansion in the year-ago
quarter.
Here are key takeaways from the Q2 numbers of HUL:Marginal effect of tax cut on profitThe corporate tax rate cut had little effect
It posted a 21 per cent year-on-year (YoY) rise in net profit at Rs 1,848 crore after incorporating the reduction in corporate tax rate
Excluding corporate tax rate benefit, the profit figure would be Rs 1,832 crore, up 20 per cent
FMCG giant was a major revenue growth driver, thanks to consistent topline delivery in fabric wash
The segment registered 9.44 per cent growth in the quarter and the revenue stood at Rs 3,371 crore
Premium brand Love - Care was launched in select channels and Magic Rinse powder was launched in Tamil Nadu during the quarter.
Water
Purifiers also witnessed a good performance in the premium segment, the company said
cent YoY to Rs 4,543 crore
However, it was less than Rs 4,589 crore in June quarter
Skin Care had double digit growth with robust performances across the brands.
food and refreshment division grew 8.3 per cent to Rs 1,847 crore thanks to growth in the sale of beverages, icecream and frozen desserts
and the Kissan line of products
However, the company's exports, infant and feminine care segment contracted 32 per cent YoY generating Rs 91 crore in revenue.
Dividend @
Rs 11/shareThe Board of Directors declared an interim dividend of Rs 11 per share for the year ending March 31, 2020.
New member on
boardHindustan Unilever (HUL) appointed Willem Uijen as Executive Director, Supply Chain and a member of the HUL Board with effect from
He will replace Pradeep Banerjee who is retiring
