HUL

The stock was on a rise on Monday, thanks to its Q1FY15 numbers coming in much higher than expected. HUL showed a 4% (YoY) rise in net profit at Rs.1057 crore on a 13% rise in total income at Rs.7716 crore. This net profit included exceptional income from sale of property – Rs.40 crore and tax credit of Rs.10 crore. There was also an other income of Rs.88 crore, through interest income, dividend income and gain on sale of other non trade current investments.

In topline, domestic consumer business, which was mainly FMCG and water, grew 13%, with a 13% growth in HPC and another 13.4% growth in foods business.  In Skin Cleansing, Dove, Pears, Lux, Lifebuoy, Liril and Hamam grew well. In Laundry, growth was led by the premium segment with Surf sustaining its strong growth momentum and Rin accelerating across both powders and bars. Vim led the performance in Household Care.  Personal Products also showed an overall good growth and in oral care, recovery of Pepsodent is slowly making progress. Double digit growth was seen in beverages, mainly Taj Mahal tea and Bru coffee. Double digit growth was also seen in packaged foods like Kissan, Knorr, Kwality Walls and Magnum. In water, Pureit delivered double digit growth, led by the solid performance of premium devices.