Can you give me a quick over view of the quarterly results of Hindustan Unilever, ACC and Nestle that were announced on Tuesday 19th October?
Answer
Answer
Let me answer your query stock wise with a quick view of the results highlights.
Hindustan Unilever reported 11.67% growth in sales at Rs.13,046 crore for the Sep-21 quarter. Revenue growth was visible across home care, beauty, personal care and food and refreshments. The best growth of 15.7% came from the home care segment while foods and refreshments grew at just about 7.2%.
However, food business saw EBIT grew by 18.8%, which also held the profit growth in positive territory. EBITDA grew 9% yoy while EBITDA margins stood very strong at 25%. As a result, despite cost pressures from commodity price hike, the net profits were up 10.49% at Rs.2,181 crore. HUL also declared interim dividend of Rs.15 per share. Let me turn to Nestle.
Nestle India reported 9.62% growth in sales revenues at Rs.3,883 crore. Sales growth comprised of 10.1% growth in domestic sales and just about 1.3% growth in export sales. Nestle saw growth across food, beverage and confectionary categories with a big boost finally coming back to the out-of-home or OOH channel.
Like in HUL, cost of inputs made a dent on operating profits as OPMs tapered from 22.38% in the Sep-20 quarter to 21.96% in the Sep-21 quarter. Calibrated price hikes helped maintain growth. Net profits were up 5.16% for the Sep-21 quarter at Rs.617 crore even as net margins compressed 68 bps. Nestle declared second interim dividend of Rs.110/ share.
Finally, I come to ACC, which saw revenues grow 5.98% to Rs.3,749 crore. ACC witnessed good growth across cement and ready mix concrete verticals. In terms of volumes, ACC reported marginal volume growth to 6.57 MTPA in the Sep-21 quarter. EBITDA margins were flat at 19.5% as a spike in power, raw material and freight costs hit growth.
ACC reported 23.73% growth in net profits at Rs.450 crore. While the PAT margins at 12.01% were better than 10.29% in Sep-20 it ended up lower than 14.66% NPM in Jun-21 quarter. Volumes and growth are positive but cost remains the constraint.