Q2 Results: HUL ad spends up by 8.11% from Rs 1,023 cr to Rs 1,106 cr
Profit After Tax grew by 20% year-on-year to Rs 1,525 crore, against Rs 1,276 crore in 2017
Hindustan Unilever Ltd. today posted its Q2 results of financial year 2018-19. The consumer goods giant recorded an year-on-year increase of 8.11% in the advertising expenditure, from Rs 1,023 crore in 2017 to Rs 1,106 crore in 2018.
The Profit After Tax for the quarter grew by 20% year-on-year to Rs 1,525 crore, against Rs 1,276 crore in 2017. The EBITDA for the quarter also grew by 20% year-on-year and stood at Rs 2,019 crore, compared to Rs 1,682 crore in 2017.
Sales of the company grew by 11% during the quarter and domestic consumer sales grew by 12%.
Commenting on the results, Sanjiv Mehta, Chairman and Managing Director, said, “We have delivered another strong performance in the quarter and also for the half year. Our focus on strengthening the core, leading market development and driving excellence in execution has enabled us to deliver competitive and profitable growth.”
“In the near term, we expect demand to be stable. Our strength of agility and responsiveness gives us confidence to navigate the headwinds arising from crude inflation and currency depreciation. Our strategic agenda remains one of delivering Consistent, Competitive, Profitable and Responsible growth,” he added.
In the BSE filing, the company also announced the appointment of Leo Puri (57), as an Independent Director on its Board effective October 12, 2018.
Puri, until recently, was the Managing Director of UTI Asset Management Company. He has also previously served as an Independent Director in companies including Max New York Life Insurance Company, Infosys, Bennett Coleman & Co. Prior to joining UTI Asset Management Company as CEO in August 2013, Mr. Puri was Director at McKinsey & Company until 2007.
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