Hindustan Unilever (HUL) has announced its results for the quarter ended September 2010. It has reported net profit at Rs 566 crore as against Rs 420 crore, a growth of 34.76% on year-on-year basis (YoY).
Net profit included exceptional gain of Rs 40 crore. Adjusted profit after tax of the company stood at Rs 533.65 crore as against Rs 499.7 crore, a growth of 6.8%.
Its reported PAT stood at Rs 566.1 crore as against Rs 428.5 crore and reported PAT of Q2FY10 included Rs 135 crore in restructuring expenses.
Revenues jumped 11.6% to Rs 4,764.67 crore in Q2FY11 as against Rs 4,629.23 crore in same period of FY10.
Operating profit margin declined by 169 bps at 13.58% versus 15.27%.
Numbers were better-than-expectations; CNBC-TV18 expected net profit at Rs 497 crore and net sales at Rs 4,632 crore.
Soaps and Detergents
* Revenues up 6.3% at Rs 2129.4 crore versus Rs 2003.7 crore
* Margins at 11.7% versus 13.6% (Slight QoQ improvement Vs 11% in Q1: can be attributed to price hikes)
Personal Products
* Revenues up 14.7% at Rs 1364.6 crore versus Rs 1190.2 crore
* Margins at 23% versus 26.3% (QoQ deterioration versus 24.8% in Q1)
The Board of Directors of company have declared interim dividend of Rs 3/share.
In a press conference, the management said, "We are determined to maintain strong volume growth in FY11."
"Volume growth was at 14% and double-digit topline growth at 11%," the company says.
Source: moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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