HUL logs 7% rise in net profit at Rs 1,881 cr

Source :IANS
Author :IANS
Last Updated: Wed, Jul 22nd, 2020, 08:45:44hrs
HUL

Mumbai: FMCG major Hindustan Unilever (HUL) on Tuesday reported a 7 per cent growth in standalone net profit for the first quarter (April-June) of FY21 at Rs 1,881 crore.

During the corresponding period of the previous fiscal, the company had reported a standalone net profit of Rs 1,755 crore.

The company, in a regulatory filing, reported a 4.43 per cent rise in total income during the period under review to Rs 10,716 crore.

"In a challenging context of Covid-19 disrupting markets and operations, HUL has delivered a resilient performance with turnover growth of 4 per cent and profit after tax and before exceptional items growing 7 per cent," it said.

Sanjiv Mehta, Chairman and Managing Director, said, "While constraints continue due to restrictions in several parts of the country and the near-term demand outlook remains uncertain, we remain well positioned to drive competitive, profitable and responsible growth. The long-term structural opportunity of FMCG in India also remains intact."