Friday, 26 July 2013

HUL Q1 net down 23% at Rs 1,019 crore

FMCG major Hindustan Unilever today reported 23.43% decline in net profit at Rs 1,019.25 crore for the first quarter ended June 30, 2013.

The company had posted net profit of Rs 1,331.19 crore in the corresponding quarter a year ago.

HUL's net sales went up by 6.99% to Rs 6,687.49 crore in the quarter under review as against Rs 6,250.15 crore in the corresponding quarter last year, the company said in a BSE filing.

Total income of the company was at Rs 6,809 crore. EBITDA was at Rs 1,086 crore.

The company's other income was at Rs 117 crore versus Rs 218.6 crore in the same period last year. Operating margin was at 15.9%.

The company reported a volume growth of 4% in the quarter.

HUL's scrip was trading at Rs 656.70 per share, down 4.34% from previous close.

The company said it continues to see slowdown in market growth. 

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