On a sequential basis, the company's net profit grew 5.4% from 1113.54 crore.
Hindustan Unilever has posted a 9,8% growth in its net profit in the April-June period, compared to the same period last year, the company said in a notification to the BSE on Monday. In the first quarter of FY17, HUL's net profit was recorded at Rs 1,173.90 crore. In April - June 2015, the company's net profit was at Rs 1,069.16 crore.
On a sequential basis, the company's net profit grew 5.4% from Rs 1,113.54 crore in January-March 2016.
The company's revenue grew to Rs 8,113.90 crore, up 3.6% from the Rs 7,834.60 crore posted in the same period last year.
On a sequential basis, the company's total revenue was up 5.19% from Rs 7,713.52 crore.
Segment-wise, the revenue of the Home Care, Personal Care and Refreshments grew on a yearly and sequential basis. The revenue generated by the 'foods' business grew on a yearly basis but was down sequentially.
The revenue generated by exports, infant and feminine care products fell to Rs 197.51 crore, down 16.12% and 30.82% on a sequential basis.
The company said that its domestic consumer business (FMCG) grew 4% in the quarter.
Net sales of the company was at Rs 7,987.74 crore, up 3.6% from Rs 7,712.71 crore posted in the same period last year.
The operating profit grew 7.3% to Rs 1,542.60 crore.
"During the quarter, against the backdrop of a challenging environment where market growth further slowed down in both volume and value terms, the business continued to track ahead of market with sustained margin improvement. Domestic Consumer business growth was 4%, with 4% underlying volume growth and operating margin expanded by 70bps. The growth was broad based across the segments," the company said in a statement.
On the BSE, the company's shares were down 2.04% or Rs 19.15 lower at Rs 920.45 per share.
On the results, Harish Manwani, Chairman, HUL, said, "In slowing market condition, the business is tracking ahead of the market with sustained margin improvement. We continue to make progress on our priorities of strengthening the core of our buisness whilst driving operational efficiencies. While the near term market growth is likely to remain muted, we are optimistic for the medium term and remain focussed on driving competitive and profitable growth."
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