Hindustan Unilever Ltd : Q1FY18 Results
DSIJ Intelligence / 19 Jul 2017
The company in its filing has mentioned that its stock pipelines during the quarter remained low across various channels and geographies. This was mainly due to destocking during GST implementation phase.
Hindustan Unilever Ltd reported its results for the quarter ended June 30, 2017 yesterday after market hours.
The company's total sales for Q1FY18, came in at Rs 8529 crore, which represents a 3.9 per cent sequential increase and 4.9 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 1866 crore and its EBIT margin stood at 21.88 per cent.
The company reported PAT of Rs 1283 crore, which represents a sequential QoQ increase of 8.45 per cent and a YoY increase of 9.3 per cent.
The company in its filing has mentioned that its stock pipelines during the quarter remained low across various channels and geographies. This was mainly due to destocking during GST implementation phase.
The company has launched Citra brand in face care segment and Lever Ayush in Ayurvedic personal care segment after successful test market.
The company's stock opened for trading at Rs 1153 on the BSE, rose by 0.47 per cent and closed at Rs.1158.20 on Tuesday.
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