HUL Q1 net doubles to Rs 1331 crore helped by property sale

Its net profit for the quarter more than doubled to Rs 1,331 crore. Its profit was boosted by an exceptional gain of Rs 607 crore from sale of properties in the quarter.

Profit after tax, but before exceptional items rose 48% to Rs 855 crore in April-June.  

HUL shares have gained around 10% since the start of the calendar, compared with a 9% rise in the Sensex and a 23% increase in the BSE FMCG index.

Other income rose over 300% YoY to Rs 218.6 crore.

In the first quarter, company has re-launched its flagship brand - Fair and lovely and also launched Axe soap bar. "We made entry into mouthwash segment with Pepsodent," company said.

Margin expanded 180 basis points during the quarter. Advertising spend went up by 160 basis points year-on-year.

Segment Performance

Revenues from soaps & detergents segment increased 24% to Rs 3,163 crore and earnings before interest & tax (EBIT) jumped by 63% to Rs 385.2 crore.

Personal products revenue was up 17% to Rs 1,847 crore and EBIT rose by 16% to Rs 475.7 crore.

Beverages revenues grew by 7% to Rs 654 crore and EBIT rose 26% to Rs 95 crore.

Packaged Foods revenue was up by 17% to Rs 437 crore and EBIT increased 43% to Rs 25 crore during the same period.