HUL Q2 internet rises 10.7% to Rs 2,185 crore; internet gross sales up 11.3% at Rs 12,812 crore

FMCG main Hindustan Unilever on Tuesday reported a ten.69 per cent rise in consolidated internet revenue to Rs 2,185 crore for the second quarter ended September 30.
The firm had posted a internet revenue of Rs 1,974 crore within the July-September quarter of the earlier fiscal.
Its income from gross sales throughout the quarter beneath assessment stood at Rs 12,812 crore, up 11.31 per cent, in opposition to Rs 11,510 crore a 12 months in the past, Hindustan Unilever Ltd (HUL) stated in a regulatory submitting.
HUL’s whole bills had been at Rs 10,129 crore in Q2 FY2021-22 in comparison with Rs 9,054 crore within the year-ago interval.
HUL CMD Sanjiv Mehta stated: “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 components of the HUL enterprise proceed to achieve market shares and penetration.
“Calibrated price increases and laser-sharp focus on savings have helped us protect our business model while ensuring the right price-value equation for our consumers,” he stated.
Over the outlook, Mehta stated HUL stays “cautiously optimistic about demand recovery”.
“In these times of uncertainty and unprecedented input cost inflation, we continue to firmly focus on delivering consistent, competitive, profitable and responsible growth,” he famous.
Shares of HUL on Tuesday had been buying and selling at Rs 2,720.95 apiece on BSE, up 2.52 per cent from the earlier shut.