Hindustan Unilever Ltd Q2FY22 consolidated PAT up at Rs. 2181 crores

Hindustan Unilever Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 13099 crores during the period ended September 30, 2021 as compared to Rs. 12260 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 2181 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 2097 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 9.28 for the period ended September 30, 2021 as compared to Rs. 8.92 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 13099 crs	₹12260 crs	6.84%
Net Profit	₹2181 crs	₹2097 crs	4.01%
EPS	₹9.28	₹8.92	4.04%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 13099 crores during the period ended September 30, 2021 as compared to Rs.11776 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.2181 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.1974 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.9.28 for the period ended September 30, 2021 as compared to Rs.8.40 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 13099 crs	₹11776 crs	11.23%
Net Profit	₹2181 crs	₹1974 crs	10.49%
EPS	₹9.28	₹8.40	10.48%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.25359 crores during the 6 Months period ended September 30, 2021 as compared to Rs.22661 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.4278 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.3872 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.18.20 for the 6 Months period ended September 30, 2021 as compared to Rs.16.48 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹25359 crs	₹22661 crs	11.91%
Net Profit	₹4278 crs	₹3872 crs	10.49%
EPS	₹18.20	₹16.48	10.44%

Home Care:

Home Care grew 15% driven by high double-digit growth in Fabric Wash. Household care continued to perform well and grew on a strong base. Liquids and Fabric Sensations continue to outperform. Calibrated price increases were taken across Fabric Wash and Household Care portfolios to partly offset the high inflation in input costs.Extending its Clean Future journey, 'Surf Excel Matic' has transitioned to bottles made from 50% recycled plastic while using 100% biodegradable actives in its formulation.Home Care also launched 'Smart Fill' machines to empower consumers to reduce plastic waste.

Beauty & Personal Care:

Beauty & Personal Care grew 10% led by Skin Care, Colour Cosmetics and Hair Care. Contextual communications in Hair Care continue to yield good results as it delivered another quarter of strong performance. Skin Care and Colour Cosmetics delivered high double-digit growths as mobility improved. Soaps grew on a high base led by strong growths in beauty and premium segment. Hand Hygiene portfolio declined against a strong prior year comparator. 'VWash' had another strong quarter. A calibrated approach towards price increase has helped protect the business model as vegetable oil prices remain at elevated levels. During this quarter 'Pond's Gold Beauty' range, limited edition lip colours in 'Lakme' and 'Vaseline Lip Therapy' rangewere launched. Premium beauty brands 'Lakme', 'Simple' and now 'Love Beauty and Planet' are also available on dedicated D2C platforms. Lakme saw 30% of its sales come through digital platforms.

Foods & Refreshment:

Foods & Refreshment grew at 7% against a strong prior year comparator. Tea grew on a very strong base and further strengthened its market leadership. Focus on market development in Nutrition is yielding good results. Health Food Drinks volumes grew double-digit and it continued to gain penetration sequentially. Ice Creams recovered strongly driven by effective communications and innovations. Foods had a soft quarter on the back of high teens growth in the base period. 'Kissan Peanut Butter' and 'Hellman's Mayonnaise' innovations are picking up momentum. In this quarter, 'Horlicks' expanded its high sciences range with the launch of 'Horlicks Diabetes Plus'.

Operating margins:

EBITDA margin was stepped up sequentially vs JQ'21 and is at 25%. PAT at Rs. 2,187 Crores increased by 9% year-on-year. We continue to invest behind building our brands, portfolio and future-fit capabilities. Our focused actions on Net Revenue Management and savings have enabled us to manage inflationary pressures and deliver a healthy bottom-line performance.

Interim dividend: The Board of Directors has declared an interim dividend of Rs.15/- per share for year ending 31st March 2022.

Sanjiv Mehta, Chairman and Managing Director commented: 'September quarter witnessed a sequential improvement in trading conditions, albeit remained challenging with unprecedented levels of input cost inflation and subdued consumer sentiments. In this backdrop, we have delivered a strong performance growing topline in double digits and stepping up profitability sequentially. Large parts of our business continue to gain market shares and penetration. Calibrated price increases and laser sharp focus on savings has helped us protect our business model while ensuring the right price-value equation for our consumers. Through our 'Re-Imagine HUL' programme, we have further strengthened the digital capabilities across our organisation. We are making significant progress in our sustainable living journey. We are on track to collect and process more plastic waste than we sell in our packaging this year through our network of partners.

Looking forward, we remain cautiously optimistic about demand recovery. In these times of uncertainty and unprecedented input cost inflation, we continue to firmly focus in delivering Consistent, Competitive, Profitable and Responsible Growth.'

Shares of Hindustan Unilever Limited was last trading in BSE at Rs. 2654.15 as compared to the previous close of Rs. 2648.80. The total number of shares traded during the day was 30524 in over 3792 trades.

The stock hit an intraday high of Rs. 2679.00 and intraday low of 2643.80. The net turnover during the day was Rs. 81122641.00.

Source : Equity Bulls

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HindustanUnilever HUL Q2FY22 H1FY22 ResultUpdate