Hindustan Unilever, the country’s largest FMCG company, posted a profit of Rs 2,289 crore in the first quarter of 2022, despite rising production costs due to rising prices. This is an 11% increase compared to last year’s first quarter profit of Rs 2,061 crore.
Hindustan Unilever is a large cap company listed on the Indian Stock Exchange. Its market value is Rs.5.4 lakh crore. Hindustan Unilever sells a variety of products including personal care. In this case, it has made a profit of Rs 2,289 crore in the first quarter. Its profitability ratio is excellent at 23.2%. The company’s sales rose 19% in the current quarter. Earnings before interest, tax, depreciation and amortization as EBITA stood at Rs 3,247 crore. It declined by 110 basis points or 1.1% year-on-year.
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Commenting on the company’s revenue, profit and performance, Hindustan Unilever CEO and Managing Director Sanjeev Mehta said, “Despite the challenging environment, unprecedented inflation and consequential impact on consumption, we have delivered an excellent result in terms of sales and profit of the company this quarter as well. We have grown competitively while maintaining excellent profit margins while protecting our business model.
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There are temporary concerns regarding inflation. However, commodity prices have moderated slightly. Weather forecasts say that there will be regular monsoon rains. Also the fiscal measures taken by the government will benefit the industry. We are optimistic about the medium to long term prospects of the Indian FMCG sector. And our focus will be on delivering sustainable, profitable, responsible growth. Said thus.
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