HUL June Quarter 2009 Financial Results

Strong growth of 13% with underlying volume growth.

  • FMCG sales and Operating profits grow 13% 
  • Strong volume growth in Personal Products and Foods
  • 60bps improvement in operating margins after 180 bps increase in brand investments 
  • PAT before exceptional items and mark-to-market charge grows 7%; PAT (bei) flat 

Hindustan Unilever Limited (HUL) announced its results for June Quarter 2009. FMCG maintained strong growth of 13% with underlying volume growth, recovering to 2%. Underlying volume growth in June quarter showed an improvement of 6% compared to March quarter. Net Sales grew 8% with planned reduction in non core exports. PBIT (bei) grew 12.6% with operating margins improving by 60 bps to 15.0%.

This quarter had a mark to market (MTM) charge of Rs 32 crores from restatement of forex exposures at closing exchange rates (JQ’08 gain Rs 25 cr). Excluding the MTM impact, PAT (bei) grew by 7%. On a reported basis, PAT bei was flat while Net Profit declined by -2.7% due to exceptional income in the base.

HPC business grew at 12% driven by strong volume growth in Personal Products. Soaps & Detergents grew 10% and Personal Products growth was higher at 15%. Key actions to strengthen competitiveness in Laundry have been implemented; Surf and Rin led category growth, while grammage increases in Wheel to improve consumer value, are taking effect in the market. Pricing actions have been implemented at the mass end resulting in strong volume growth in Breeze.

Shampoo category performed well with Clinic Plus and Sunsilk driving category growth; In Skin care, Fair and Lovely* continued to drive growth while Vaseline grew on the back of strong volumes; In Oral, Close Up led category growth. In Personal Products, Hair and Oral gained market shares compared to the previous quarter.

Foods business grew at 17% with growth momentum across all segments. Beverages grew at 19% with all brands growing well. Processed Foods delivered volume led growth of 15%, driven by Kissan and Annapurna. Ice-Creams grew well at 23%, again led by volume. Swirl’s Ice Cream Parlours are now present across 65 locations in 18 cities.

Pureit expanded its footprint and has now reached 1500 towns nationally. The business has a strong consumer franchise of 2 million households, and is progressing as per plan.

Lower input costs combined with tight cost management and operating leverage have led to higher operating margins in this quarter. Material costs, including purchased goods, were lower by 110 bps as a % of sales. Our investment behind brands continues with A&P growing by 26%. New launches and higher media investments drove the step-up in A&P spends.


Hindustan Unilever Limited
Unilever House,
B. D. Sawant Marg,
Chakala, Andheri (E),
Mumbai - 400 099.
F: +91-22-22871970

T: +91-22-39830000

Brand disclaimer:
*References to Fair & Lovely in this article pre-dates the brand’s name change to Glow & Lovely in 2020.

Foundation disclaimer:
* References to the Fair & Lovely Foundation in this article pre-dates the brand’s name change to Glow & Lovely in 2020. The Foundation’s new name is ‘Glow & Lovely Careers’.

Back to top


We're always looking to connect with those who share an interest in a sustainable future.


Get in touch with Unilever and specialist teams in our headquarters or find contacts around the world.

Contacting us