On a consolidated basis, the FMCG major net profit reported a 20 per cent increase to Rs 2,616 crore on a 16 per cent hit high in net sales to Rs 14,514 crore in the second quarter of FY23 over the second quarter of FY22.

Hindustan Unilever (HUL) has delivered volume growth of 4 per cent. This was significantly ahead of the market, above 75 per cent of market volume shares.

Profit after tax before (PAT bei) goes up by 9 per cent. PAT (bei) and PAT growth differ, largely due to one-off prior-period tax credits at the end of the second quarter. The prior period of One-off credit on account of the income tax should adjust in consequence of receiving favourable assessment orders is Rs 258 crore in the second quarter of FY23.

EBITDA for the quarter stood at Rs 3,377 crore, up 8% yearly. EBITDA margin at 23.3 per cent remains the same despite inflation in input costs.  

“We continue to manage our business dynamically, driving savings harder across all lines of P&L, investing competitively behind our brands and ensuring the right price-value equation,” HUL said in a statement.

The board of directors of the HUL has declared an interim dividend of Rs 17 per equity share, and as on 2 November 2022, the record date is fixed.

The home care business delivered 34 per cent growth, with volumes growing twice a digit. The beauty and personal care segment grew 11 per cent, driven by outperformance in an outstanding premium portfolio. The foods & refreshment business grew 4 per cent, driven by solid performance in foods, ice cream and coffee.

This company is the largest fast-moving consumer goods company in India. The shares of HUL rose 2.11 per cent to Rs 2655.05 on 21 October 2022 (Yesterday).