Hindustan Unilever (HUL) on Tuesday reported a 7.18 per cent year-on-year (YoY) rise in standalone net profit at Rs 1,881 crore for the quarter ended June 30. It had reported a net profit of Rs 1,755 crore in the corresponding quarter last year.

Analysts in an ET NOW poll had projected the figure at Rs 1,775 crore.

The FMCG major declared an interim (special) dividend of Rs 9.50 per share for the financial year ending March 31, 2021.

Revenue of the company increased 4.23 per cent YoY to Rs 10,406 crore during the quarter under review.


HUL also witnessed an exceptional loss of Rs 118 crore in Q1FY21 against gains of Rs 7 crore in the same period last year.

In a challenging context of Covid-19 disrupting markets and operations, the company delivered a resilient performance and reported turnover growth of 4 per cent. Health, hygiene and nutrition constituting around 80 per cent of portfolio, delivered healthy mid-single-digit domestic consumer growth, HUL said in a release.

HUL further said Lifebuoy delivered strong double-digit growth across formats. The company added that they have significantly stepped up capacities in both hand wash and hand sanitizers segments to meet the consumer needs.

While commenting on Q1 earnings, Sanjiv Mehta, Chairman and Managing Director, HUL said, “Our performance in the quarter has been resilient and reflective of the intrinsic strength of our portfolio. While constraints continue due to restrictions in several parts of the country and the near-term demand outlook remains uncertain, we remain well positioned to drive competitive, profitable and responsible growth. The long-term structural opportunity of FMCG in India also remains intact.”