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Hindustan Unilever has reported Q1 net rises 4% to Rs 1,059 crore

On Tuesday, the FMCG major Hindustan Unilever Ltd (HUL) has reported a 4.03 percent hike in the standalone net profit at Rs 1,059.14 crore for the first quarter ended June 30.

The company said in a BSE filing that the net sales of it climbed 5.53 percent to Rs 7,973.37 crore in the quarter under review as against Rs 7,555 crore a year ago.

Harish Manwani, HUL Chairman said, “In a subdued market environment, the business delivered another quarter of healthy volume led growth and strong improvement in operating margin. With the near-term outlook largely dependent on pickup in rural markets and commodity costs expected to remain benign with little or no price growth across select categories, our focus will be to drive market development and simultaneously deliver cost efficiencies to sustain profitable volume led growth.”

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