HUL Q1 net rises 17 percent to Rs 627 cr on volume growth

New Delhi: FMCG giant Hindustan Unilever (HUL) today posted a 17.6 percent increase in net profit to Rs 627.2 crore for the quarter ended 30 June, 2011, on the back of strong volume growth across segments. During the period, the company’s net sales jumped 35.7 percent to Rs 6,503.9 crore from Rs 4,793.9 crore in the corresponding quarter last fiscal. “This is the fourth consecutive quarter of double-digit growth, led by a combination of innovations, market development and relentless focus on execution,” HUL Chairman Harish Manwani said in a statement. [caption id=“attachment_49742” align=“alignleft” width=“380” caption=“This is the fourth consecutive quarter of double-digit growth for the company, said chairman Harish Manwani. Reuters”] [/caption] During the quarter, the firm said its domestic consumer business grew 15 percent, while its home and personal care business grew 15.4 percent. “In a challenging business environment, we are managing our business dynamically to ensure that we remain competitive and cost-efficient,” Manwani said. Shares of HUL were trading 0.54 percent lower at Rs 324.15 apiece on the Bombay Stock Exchange today. PTI