Q2 results - HUL Net Profit and Sales increase - Declares Interim Dividend

Increase in Net Profit and Sales 

FMCG major Hindustan Unilever on Tuesday reported 9% increase in its net profit at  ₹2,009 crore for the quarter ending 30 September, 2020. The company had reported net profit of  ₹1,848 crore in the year-ago period.

Total income rises 16% to  ₹11,593 crore as against  ₹10,032 crore a year ago.

Declaration of Interim Dividend 

The company has announced declared an interim dividend of  ₹14 per share.

Commenting on the results, HUL CMD Sanjiv Mehta said, "In the context of a challenging economic environment, our growth has been competitive and profitable. We continue to demonstrate execution prowess, agility, adaptability, resilience, and passion of our people."

Back to Pre-Covid

"Our operations and service levels are now back to pre-COVID levels and we have accelerated the pace of digitising our operations under the ‘Re-imagine HUL’ agenda," HUL CMD Sanjiv Mehta said.

Integration of GlaxoSmitjKline Plc's India Consumer Business 

Good monsoon rains and resumption of business activity following the world’s biggest lockdown helped Hindustan Unilever, which sells its products through 8 million outlets in India. 

The maker of Dove soap and Surf detergent also benefited from the integration of GlaxoSmithKline Plc’s local consumer business in April.

India's Largest FMCG Company 

HUL is India's largest FMCG (Fast Moving Consumer Goods) company. 

It is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps, tea, detergents and shampoos amongst others with over 700 million Indian consumers using its products. 

Sixteen of HUL's brands featured in the ACNielsen Brand Equity list of 100 Most Trusted Brands Annual Survey (2014), carried out by Brand Equity, a supplement of The Economic Times.

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