Hindustan Unilever - Q1FY13 Resut First-Cut - Microsec Research

Hindustan Unilever (HUL) announced its Q1 FY13 results on 23 July 2012.

Q1 FY13 Result Analysis

HUL has given strong quarterly results. The company's Total Income increased by 14% YOY to INR6379 crore YOY and its EBITDA increased by 28% YOY to INR966 crore. EBITDA Margin of the company increased sharply from 13.5% to 15.2% YOY. Volume Growth came at 9% which is in line with estimates. Adjusted PAT (Excl EO & Additional Other Income) increased by 36% YOY to INR772 crore. PAT incl EO increased by 112% to INR1331crore YOY.**Soaps and Detergent segment registered a growth of 23.7% with premium brands like‘Surf' & ‘Rin' delivering double digit volume growth. EBIT in Soaps & Detergents improved from 9.2% to 12.2% YOY resulting in improving the EBITDA margin of HUL.

HUL has given a block-buster result and is clearly showing sign of leading the FMCG Industry in terms of Growth in the years to come. At the CMP INR443, we maintain our price Target of INR500 for the Stock given in our earlier report.

Source : Equity Bulls

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