Health, hygiene and diet push HUL This autumn internet up 41%

Beating analysts’ estimates, Hindustan Unilever (HUL) on Thursday reported a standalone internet revenue of Rs 2,143 crore for the March quarter of the monetary 12 months 2020-21 (This autumn of FY21), up 41.07 per cent from Rs 1,519 crore in the identical interval a 12 months in the past. On a sequential foundation, the determine jumped 11.55 per cent from Rs 1,921 crore posted within the December quarter.
The income through the quarter beneath overview jumped 34.63 per cent year-on-year to Rs 12,132 crore when in comparison with Rs 9,011 crore in the identical interval final 12 months. The HUL board additionally proposed a remaining dividend of Rs 17 per share. Together with interim dividend of Rs 14 per share, the full dividend for FY21 quantities to Rs 31 a share. During the 12 months, particular dividend of Rs 9.5 per share was additionally paid.
HUL mentioned the home shopper progress was at 21 per cent with underlying quantity progress of 16 per cent.
“Health, hygiene and nutrition forming 80 per cent of business grew in double-digits for the third consecutive quarter, while discretionary and out-of-home categories improved sequentially,” the corporate mentioned.

Sanjiv Mehta, chairman and MD, mentioned, “Our in-quarter performance was strong on both the top-line and bottom-line. Despite challenging times, in FY21 our business ecosystem has withstood the disruption and demonstrated agility and resilience across the value chain. We have delivered on our multi stakeholder business model.”
“Our purpose-led brands and capabilities were further strengthened during the year and this positions us well to serve our consumers during this turbulent period. Our focus firmly remains behind delivering volume led competitive growth,” he mentioned.

Mehta mentioned the latest surge in Covid circumstances is of great concern and “ensuring safety and well-being of people remains our top priority”. “We will continue to work closely with governments, health authorities and our partners to support the needs of the society and the nation to overcome this adversity,” he mentioned.
Meanwhile, HUL mentioned house care progress at 15 per cent was enabled by a robust restoration in material wash. Household care continued its robust efficiency delivering double-digit progress. Liquids and material sensations proceed to outperform benefitting from sturdy market improvement initiatives, it mentioned.