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HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

According to a Bloomberg poll, analysts had estimated revenue at Rs 13,401 crore and net profit at Rs 2,207 crore

HUL’s foods and refreshments category grew 5 per cent in Q4, aided by beverages and ice-cream.
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Ahead of the results, the HUL stock was 0.5 per cent higher at Rs 2,566 on the BSE.

Sharleen D’Souza Mumbai
Hindustan Unilever (HUL), among the country’s largest fast-moving consumer goods (FMCG) players, beat analysts’ estimates by posting a net profit of Rs 2,381 crore in the June quarter of 2022-23 (Q1FY23).

Revenue on a consolidated basis too was above estimates.

Its net profit (attributable to owners of the company) rose 13.5 per cent year-on-year (YoY) compared with Rs 2,097 crore in the year-ago period. Revenue rose 19.6 per cent YoY to Rs 14,357 crore in Q1 FY23 as against Rs 12,004 crore a year ago.

According to a Bloomberg poll, analysts had estimated revenue at Rs 13,401 crore and net