<p>Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment.</p>.<p>The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing.</p>.<p>Consolidated total income in the first quarter stood at Rs 15,679 crore as against Rs 14,757 crore in the corresponding period last fiscal.</p>.<p>Total expenses were higher at Rs 12,167 crore as compared to Rs 11,531 crore in the same quarter a year ago, the company said.</p>.<p>"FMCG markets are recovering gradually although the operating environment remains challenging. In this context we have delivered a resilient and competitive performance whilst stepping up our EBITDA margin," HUL CEO and Managing Director Rohit Jawa said in a statement.</p>.<p>HUL said its home care segment delivered another quarter of strong performance with 10 per cent revenue growth while that of beauty and personal care rose 4 per cent.</p>.<p>Foods and refreshment category had a steady performance and grew 5 per cent led by health food drinks and food solutions.</p>.<p>On the outlook, Jawa said, "In the near-term, FMCG industry will continue to witness rebalancing of price-volume growth equation and a gradual recovery in consumer demand."</p>.<p>In this environment, he said, "We will continue to provide superior value to our consumers and invest behind our brands. We remain focused on driving our long-term strategic priorities including market development and building distinctive capabilities for the future."</p>.<p>HUL also announced the appointment of Neelam Dhawan (63) as an independent director on its board, effective August 1, 2023, for a period of five years, while Leo Puri has been reappointed as an independent director for a period of five years, from October 12, 2023 to October 11, 2028.</p>
<p>Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment.</p>.<p>The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing.</p>.<p>Consolidated total income in the first quarter stood at Rs 15,679 crore as against Rs 14,757 crore in the corresponding period last fiscal.</p>.<p>Total expenses were higher at Rs 12,167 crore as compared to Rs 11,531 crore in the same quarter a year ago, the company said.</p>.<p>"FMCG markets are recovering gradually although the operating environment remains challenging. In this context we have delivered a resilient and competitive performance whilst stepping up our EBITDA margin," HUL CEO and Managing Director Rohit Jawa said in a statement.</p>.<p>HUL said its home care segment delivered another quarter of strong performance with 10 per cent revenue growth while that of beauty and personal care rose 4 per cent.</p>.<p>Foods and refreshment category had a steady performance and grew 5 per cent led by health food drinks and food solutions.</p>.<p>On the outlook, Jawa said, "In the near-term, FMCG industry will continue to witness rebalancing of price-volume growth equation and a gradual recovery in consumer demand."</p>.<p>In this environment, he said, "We will continue to provide superior value to our consumers and invest behind our brands. We remain focused on driving our long-term strategic priorities including market development and building distinctive capabilities for the future."</p>.<p>HUL also announced the appointment of Neelam Dhawan (63) as an independent director on its board, effective August 1, 2023, for a period of five years, while Leo Puri has been reappointed as an independent director for a period of five years, from October 12, 2023 to October 11, 2028.</p>