Hindustan Unilever Q1 results: Net profit rises 11% to Rs 2,289 cr

'During the quarter, our turnover grew 19% with underlying volume growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares,' says the FMCG major

FMCG major Hindustan Unilever on Tuesday reported 11% growth in standalone net profit at Rs 2,289 crore for the quarter ending June 30, 2022 as against Rs 2,061 crore in the year-ago period.

The company's total income rose 20% to Rs 14,409 crore in Q1FY23 as against Rs 11,982 crore in Q1FY22.

"During the quarter, our turnover grew 19% with underlying volume growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares. EBITDA margin at 23.2% remained healthy despite unprecedented inflationary headwinds. Profit After Tax before exceptional items (PAT bei) grew 17% and Profit