City
Epaper

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

By IANS | Updated: July 21, 2020 18:50 IST

Mumbai, July 21 FMCG major Hindustan Unilever (HUL) on Tuesday reported a 7 per cent growth in standalone ...

Open in App

Mumbai, July 21 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."

( With inputs from IANS )

Tags: indiamumbaiFmcgHindustan UnileverHindustan unilever ltdSanjiv mehtaHindustan leverHindustan unilever limitedIndi
Open in App

Related Stories

MumbaiMumbai Fraud: Man Posing as BMC Official Held for Demanding Bribe Over Debris in Juhu

MumbaiMumbai Weather Update: Temperature Likely To Be 32 Degrees in City; AQI in 'Good' Category

MumbaiVirar Station Upgrade Completed: Platforms Expanded to Run 15-Coach Local Trains

MumbaiMumbai Fire: Blaze Erupts in Juhu Koliwada, One Injured

MumbaiMumbai Rain Update: Partly Cloudy Skies in City, Suburbs; IMD Issues Yellow Alert in Parts of Maharashtra

Business Realted Stories

BusinessFast breeder reactors to deliver reliable, higher thermal efficiency: Govt

BusinessIndia's digital payments account for 93% of payment value in 9MFY26: Report

BusinessCricketer Dhruv Jurel partners with Jaipur Watch Company

BusinessJPMorgan CEO says bank facing highest risk from ongoing wars

BusinessLadies Who Lead Expands Leadership Engagements Across Mumbai and Bengaluru