Hindustan Unilever Limited (HUL) reported net profit growth of 11.5% y/y to INR 10.9bn amid challenging environment, partly supported by other income and margin expansion. Revenue grew by 1.6% y/y to INR 84.8bn in Q2 FY17 as compared with INR 83.4bn in Q2 FY16, impacted by muted growth in personal care as well as home care segments.
ITC posted net profit growth of 10.5% y/y at INRs 25bn in Q2 FY17. Total income registered an 8% y/y growth at INR 136.1bn. Its cigarette revenue grew 7% y/y in Q2 at INR 85.2bn. In Q2, EBITDA grew 7.3% y/y at INR 36.3bn while margins were almost flat at 26.7%.
Dabur Ltd reported net profit jump of 5% y/y at INR 3.5bn in Q2 FY17. Total income was almost flat, up 1.1% y/y at INR 19.8bn. EBITDA grew 1.1% y/y at INR 4.0bn while margins were flat at 20.6%.
Asian Paints reported an 18.1% y/y increase in net profit at INR 4.9bn for Q2 FY17, driven by robust growth in its decorative business segment. Total income from operation on was up 10.2% y/y to INR 42.3bn in Q2 FY17.
Torrent Pharmaceuticals Ltd posted a 59.3% y/y drop in net profit to INR 2.0bn as previous period included exceptional revenues and profits that was primarily on account of the launch of a new product launch in the US market that had limited competition. Total revenues declined by 15.5% y/y to INR 14.3bn.
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