HUL Announces Quarterly Results (1QFY21); Net Profit Up 7.2%

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HUL Announces Quarterly Results (1QFY21); Net Profit Up 7.2%
Wed, 22 Jul

HUL has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

HUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m101,14090,110105,60017.2%4.4%
Other incomeRs m1,4702,6601,560-41.4%6.1%
TurnoverRs m102,61092,770107,16015.5%4.4%
ExpensesRs m74,67069,46079,16014.0%6.0%
Gross profitRs m26,54020,07025,26025.9%-4.8%
DepreciationRs m2,1402,5502,420-5.1%13.1%
InterestRs m24026029011.5%20.8%
Profit before taxRs m25,63019,92024,11021.0%-5.9%
TaxRs m8,0804,7305,30012.1%-34.4%
Profit after taxRs m17,55015,19018,81023.8%7.2%
Gross profit margin%26.222.323.9
Effective tax rate%31.523.722.0
Net profit margin%17.116.417.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 4.4% on a year-on-year (YoY) basis. The expenses were up by 6.0% YoY during the same period.
  • The company's operating profit declined by 4.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.9% in 1QFY21 as against 26.2% in 1QFY20.
  • Depreciation charges increased by 13.1% and finance costs increased by 20.8% YoY, respectively.
  • Other income increased by 6.1% YoY during the quarter.
  • Net profit for the quarter increased by 7.2% YoY. Net profit margins during the quarter increased from 17.1% in 1QFY20 to 17.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.0% QoQ during the same period.
  • The company's operating profit increased by 25.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.9% in 1QFY21 as against 22.3% in 4QFY20.
  • Net profit for the quarter increased by 23.8% QoQ, while net profit margins increased from 16.4% in 4QFY20 to 17.6% in 1QFY21.

To see how HUL has performed over the last eight quarters,please visit here.

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HUL Share Price Performance

Over the last one year,HUL share price has moved up from Rs 1,678.8 to Rs 2,247.8, registering a Gain of Rs 569.0 or around 33.9%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,516.6 (down 0.5%). Over the last one year it has moved up from 10,929.0 to 11,516.6, a gain of 588 points (up 5.4%).

Overall, the S&P BSE SENSEX is down 0.4% over the year.

Current Valuations

At the current price of Rs 2,247.8, the price to earnings (P/E) ratio of HUL stands at 70.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 61.8 times.

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