HUL Q1 PAT rises 11% YoY in Q1 FY22 buoyed by 6% growth in underlying volumes

19 Jul 2022 , 05:34 PM

The company recorded an underlying volume growth of 6%. As per Nielsen FMCG market share report May 2022, HUL continued to grow significantly ahead of the market, gaining value and volume market shares. EBITDA margin at 23.2% remained healthy despite unprecedented inflationary headwinds. Home Care delivered 30% growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits with all parts of the portfolio performing well. Calibrated price increases were taken across Fabric Wash and Household Care portfolios as input cost continue to inflate at significantly high levels. Beauty & Personal Care growth of 17% was broad based. Hair Care grew in high double-digit led by strong performance in premium portfolio. Soaps delivered price-led double-digit growth driven by strong performance in Lux, Dove and Pears. Skin Care and Color Cosmetics delivered strong YoY growth on a soft base. Premium portfolio in Skin Care performed well and is significantly ahead of pre-Covid levels. Calibrated pricing actions were taken across the portfolio to offset the impact of record inflation in input costs. Foods & Refreshment grew 9% driven by solid performance in Ice-cream, Coffee and Food Solutions. Profit before tax in Q1 FY23 stood at Rs 3,086 crore, up by 17% from Rs 2,633 crore in Q1 FY22. Sanjiv Mehta, CEO and managing director, commented: ?In an environment which remains challenging, marked by unprecedented inflation and consequential impact on consumption, we have delivered yet another quarter of robust topline and bottom-line performance. We have grown competitively whilst protecting our business model by maintaining margins in a healthy range. While there are near term concerns around inflation, the recent softening of commodities, forecast of a normal monsoon, and monetary/ fiscal measures taken by the government augur well for the industry.? HUL today announced the appointment of Yogesh Mishra as executive director, Supply Chain, HUL and head – Supply Chain, Unilever South Asia with effect from 1 September 2022. Yogesh takes over from Willem Uijen who has been elevated as the chief procurement officer for Unilever, globally. Yogesh who is currently the vice president – Supply Chain, Beauty & Personal Care, joined HUL in 1990 and over the last 32 years, has had a strong performance track record across various roles in manufacturing, quality, planning and technology. HUL is Indias largest fast moving consumer goods company. Shares of HUL rose 0.52% to settle at Rs 2566 on the BSE today. Powered by Capital Market – Live News