Hindustan Unilever reports 12% rise in Q2 net profit

The shares of the company closed at Rs 842.80 per piece, up 1.29%, or Rs 10.75 on BSE. 

Hindustan Unilever reports 12% rise in Q2 net profit
The shares of the company closed at Rs 842.80 per piece, up 1.29%, or Rs 10.75 on BSE. Photo: Reuters

Hindustan Unilever on Wednesday announced its financial results for the quarter ended on September 30. The company registered a Standalone net profit of Rs 1295.6 crore for the quarter, a rise of 11.5%, as compared to Rs 982.1 crore during the same period last year. 

In a regulatory filing, the company said its total income has been increased from Rs 8542.9 crore for the quarter ended on September 30, 2015 to Rs 8733 crore for Q2FY17. 

As per the filing, the Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) for the quarter was at Rs 1404.62 crore, grew by 5.1%. 

During the quarter, the company's net sales grew by just 1.5% with Domestic Consumer Business grew by 1.8%. 

The shares of the company closed at Rs 842.80 per piece, up 1.29%, or Rs 10.75 on BSE. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Written By: ZeeBiz WebTeam
Updated: Wed, Oct 26, 2016
04:08 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
HUL gains market share in 3/4th of its products; should you buy, sell or hold stock? HUL gains market share in 3/4th of its products; should you buy, sell or hold stock?
Hindustan Unilever's Rs 22 dividend fails to cheer Street as margin woes weigh on sentiment Hindustan Unilever's Rs 22 dividend fails to cheer Street as margin woes weigh on sentiment
HIndustan Unilever Q4 results preview: Net profit likely to rise 9%, margin may shrink by 100 bps HIndustan Unilever Q4 results preview: Net profit likely to rise 9%, margin may shrink by 100 bps