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Business Standard
14 hours ago
- Business
- Business Standard
Hindustan Unilever gains after Q1 PAT rises 6% YoY to Rs 2,768 cr
Hindustan Unilever (HUL) added 3.81% to Rs 2,529.80 after the company's consolidated net profit increased 5.97% to Rs 2,768 crore on 5% jump in revenue from operations to Rs 16,323 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) fell 6.4% YoY to Rs 3,303 crore in the quarter ended 30th June 2025. EBITDA dropped 0.69% to Rs 3,718 crore in Q1 FY26, compared with Rs 3,744 crore recorded in Q1 FY25. EBITDA margin fell 130 bps to 22.8% in Q1 FY26 as against 24.1% in Q1 FY25. Profit after tax before exceptional items (PAT bei) declined by 5% YoY to Rs 2,526 crore while profit after tax (PAT) grew by 6%. The difference is on account of a one-off impact of re-estimation of tax provisions with respect to the potential disallowance of certain expenses pertaining to prior years. The company reported a consolidated underlying sales growth (USG) of 5% and an underlying volume growth (UVG) of 4%. Revenue from Home Care division stood at Rs 5,777 crore, up 1.83% YoY in Q1 FY26, delivering 4% USG driven by high-single digit UVG. The segment witnessed negative pricing as it maintained competitive price-value equation and continued to pass on commodity price benefits to consumers. Fabric Wash grew volumes in mid-single digit led by Surf Excel. Household care delivered double-digit UVG driven by dishwash. Liquids portfolio in Home Care continued its double-digit growth momentum. The Beauty & Wellbeing business reported a 10.67% jump in revenue to Rs 3,631 crore. The said business delivered 7% USG with a low-single digit UVG. Hair Care delivered mid-single digit growth led by strong performance in Future Core and Market Makers portfolio. Skin Care and Colour Cosmetics grew in low-single digit in the quarter driven by outperformance in Ponds, Vaseline and Simple. The Personal Care segment registered a 6% YoY increase in revenue to Rs 2,540 crore, driven by calibrated pricing actions taken due to commodity inflation. Skin cleansing grew in mid-single digit led by double-digit growth in premium bars. Bodywash sustained its competitive, double-digit growth. Oral Care witnessed mid-single digit growth led by Closeup. Revenue from Foods business increased 4.31% YoY to Rs 4,016 crore. It delivered 5% USG with a mid-single digit UVG. Beverages (Tea and Coffee) grew in double-digit. Tea delivered high-single digit growth driven by price and volume. Coffee continued its strong double-digit growth trajectory, led by price. In the near term, the company expects growth in H1 FY26 compared with H2 FY25, led by continued portfolio transmission and improving macro conditions. If commodities prices remain stable, price growth is likely to remain in the low-single digit range. Gross margins are expected to improve sequentially, supporting further investments. Consolidated EBITDA is projected to remain within the 22-23% range. Rohit Jawa, CEO and managing director, commented, FMCG demand has continued to remain stable, with a gradual uptick in recency. Encouraged by favourable macro-economic indicators, we strategically stepped up our investments to effectively advance our portfolio transformation agenda in this quarter. As a result, we delivered competitive, broad-based growth with an Underlying Sales Growth of 5%, driven by an Underlying Volume Growth of 4%, at a consolidated level. Going forward, I expect this gradual recovery to be sustained. I am confident that the ASPIRE strategy will further strengthen our presence in segments and channels of the future, powered by unmissably superior brands, heightened innovation intensity and digital media models, to deliver competitive volume-led growth and create long-term shareholder value. Hindustan Unilever (HUL) is in the FMCG business, comprising primarily of home care, beauty & personal care, and foods & refreshment segments. The company has manufacturing facilities across the country and sells primarily in India.
News18
16 hours ago
- Business
- News18
HUL Q1 Results: Net Profit Jumps 6% YoY To Rs 2,768 Crore, Revenue Up 5%
Last Updated: HUL Share Price: After the Q1 Results, shares of Hindustan Unilever Ltd (HUL) on Thursday jump 3.9% to trade at Rs 2,533 on the NSE. HUL Q1 Results. HUL Q1 Results: Hindustan Unilever Ltd (HUL) on Thursday reported a 6 per cent year-on-year rise in its consolidated net profit to Rs 2,768 crore for the first quarter ended June 30, 2025. Its revenue in April-June 2025 increased 5 per cent to Rs 16,323 crore, HUL's underlying volume growth (UVG) stood at 4 per cent and underlying sales growth (USG) at 5 per cent, according to a regulatory filing. After the announcement, shares of Hindustan Unilever Ltd (HUL) on Thursday jumped 3.9% to trade at Rs 2,533 on the NSE at 11.03 am. HUL's EBITDA (earnings before interest, tax, depreciation, and amortisation) in Q1 FY26 stood at Rs 3,718 crore, marginally down from Rs 3,744 crore in the year-ago period. Its EBITDA margin fell 130 basis points to 22.8 per cent, in line with the company's guidance, as HUL continued to step up business investments. Its profit after tax before exceptional items, however, fell 5 per cent year-on-year to Rs 2,526 crore. HUL Q1 Results: Segment-Wise Performance The Home Care segment posted a 4% USG, led by high-single digit volume growth despite facing pricing pressures. Within the category, Fabric Wash saw mid-single digit volume growth, driven by strong performance from Surf Excel, while Household Care continued its strong momentum in liquid detergents, delivering double-digit volume growth. Beauty & Wellbeing recorded a 7% USG and low-single digit UVG. Hair Care registered mid-single digit growth, while Skin Care and Colour Cosmetics saw low-single digit growth. The Personal Care division grew 6%, supported by calibrated pricing actions in response to inflation in input costs. Growth in Skin Cleansing was driven by premium soap bars and bodywash, while Oral Care delivered mid-single digit growth, with Closeup playing a key role. The Foods business reported 5% USG and mid-single digit volume growth. Tea and coffee posted double-digit growth, while Ice Cream volumes rose by high-single digits, despite adverse weather conditions. Packaged Foods and Lifestyle Nutrition continued to consolidate their market positions. Commenting on the results, HUL CEO and MD Rohit Jawa said: 'FMCG demand has continued to remain stable, with a gradual uptick in recency. Encouraged by favourable macro-economic indicators, we strategically stepped up our investments to effectively advance our portfolio transformation agenda. This has resulted in competitive, broad-based growth with a USG of 5 percent, driven by UVG of 4 percent." Looking ahead, Jawa added that HUL expects the recovery trend to continue and reiterated confidence in the company's ASPIRE strategy to drive growth through innovation, digital acceleration, and strengthening presence in future-ready channels and segments. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Arab Times
03-07-2025
- Arab Times
9-year-old girl dies in hot car left by working mother
TEXAS, July 3: A 9-year-old girl tragically died on Tuesday after being left inside a sweltering vehicle for hours while her mother worked a full shift at a construction manufacturing facility in Galena Park. The child was found unresponsive in the backseat of a white Toyota Camry, parked in an unshaded area of the United States Gypsum (USG) plant's gated parking lot. According to Harris County Sheriff Ed Gonzalez, the 36-year-old mother left her daughter in the car around 6 a.m. with some water and the windows partially down before reporting for her shift, which lasted until 2 p.m. Temperatures outside reached a searing 97 degrees by midday, and authorities say the conditions inside the vehicle would have become dangerously hot within minutes. Sheriff Gonzalez noted that it is unclear whether the mother checked on the child during the day. Authorities were contacted by the mother at 2:06 p.m. Paramedics arrived at the scene shortly after 3 p.m. and attempted life-saving measures, including CPR. The girl was rushed to Harris Health Lyndon B. Johnson Hospital, roughly 10 miles away, where she was pronounced dead. 'A nine-year-old beautiful little girl has lost her life by no fault of her own,' Sheriff Gonzalez stated. 'You can be sympathetic to her mother's situation, but it's never acceptable to leave a child in a car.' The sheriff confirmed that the mother was detained, and charges are likely pending as the investigation continues. Gonzalez emphasized the dangers of hot vehicles, especially for children whose body temperatures rise faster than adults. 'Any amount of time can be fatal,' he said. While the motive behind the decision remains under investigation, Gonzalez said the sheriff's office is looking into whether childcare challenges or family hardships played a role. 'Whatever the reason, you've got to make other arrangements,' he said. 'If you have hardships, work with your employer, your neighbors, your family, or social services. It's just not worth risking a child's life.' USG spokesperson Kathleen Prause issued a statement Tuesday evening confirming the incident: 'A medical emergency occurred today at a USG plant in Galena Park, TX, involving the child of an employee. Our thoughts are with the family and all those impacted.' She added that the company is cooperating fully with local authorities and prioritizing the safety of its employees and the community. Medical experts continue to warn of the lethal risks posed by hot cars. Dr. Anthony Arredondo of Texas Children's Hospital told KHOU11 that once a child's core temperature rises above 102 to 104 degrees Fahrenheit, it can cause severe damage to the brain and organs. 'The longer they are in there, the worse it is,' he said. According to the National Safety Council, an average of 38 children die annually in the U.S. from heatstroke after being left in vehicles. The investigation by the Harris County Sheriff's Office is ongoing.
Yahoo
02-07-2025
- Business
- Yahoo
CCL USG Takes Action to Restructure Student Housing Partnership
Remains Committed to Delivering Award-Winning Housing Experience for Students WARWICK, R.I., June 25, 2025 /PRNewswire/ -- Corvias Campus Living – USG, LLC ("CCL USG"), the project-specific concessionaire and manager of a portfolio of student housing properties as part of a public-private partnership with the University System of Georgia ("USG"), today announced that, following extensive, multi-year efforts to make the program with USG's Board of Regents ("BOR") financially viable, it has commenced a Chapter 11 process to restructure the partnership and achieve a long-term solution for the program. CCL USG remains committed to delivering an award-winning housing experience for students throughout the process. Today's action pertains only to the single-purpose entity, CCL USG. No other entity is included in the proceedings, and all Corvias businesses are operating as usual. Over the past decade, CCL USG has been a dedicated and responsible steward of a student housing program at USG, serving as a steadfast partner to the BOR. Through the partnership, CCL USG is responsible for certain student housing facilities at nine Georgia campuses. It is proud to have been recognized recently for the outstanding quality of its student housing management at these campuses as part of the SatisFacts Community Award for 2024. As currently structured, this student housing program is no longer sustainable. The operating landscape has shifted dramatically since the partnership was formed and, in response, CCL USG has gone above and beyond its contractual requirements – even forgoing its management fee for all but two months over the past five years. The impact of COVID, an escalating cost environment, and lower-than-expected housing revenue and student occupancy across Georgia's University System, among other factors, have left this student housing program operating at a significant loss. Despite previous attempts led by CCL USG to work collaboratively on a solution that would make the partnership viable now and into the future, progress has not been made. CCL USG is now turning to a proven legal process with the objective of returning this student housing program to financial viability through constructive engagement with the BOR and holders of notes issued by CCL USG in connection with the project's 2015 launch. CCL USG takes its commitment to USG students seriously, viewing the restructuring process as the best way to drive toward a long-term solution while protecting and maintaining this USG program for the benefit of the residents who rely on CCL USG to deliver an exceptional student housing experience. While the process moves forward, CCL USG plans to provide the same high-quality operations and maintenance services. The program intends to meet its go-forward obligations to employees, vendors, and other partners utilizing cash on hand, subject to approval as part of the process. Additional information about the proceedings filed in the U.S. Bankruptcy Court for the District of Delaware is available at Morris, Nichols, Arsht & Tunnell LLP is serving as legal advisor and CohnReznick Advisory LLC is serving as financial advisor to CCL USG. About Corvias Campus Living – USG, LLC Corvias Campus Living – USG, LLC is a single-purpose entity that operates and manages certain student housing properties at nine USG campuses: Abraham Baldwin Agricultural College; Georgia Southern University – Armstrong Campus; Augusta University; College of Coastal Georgia; Columbus State University; Dalton State College; East Georgia State College; Georgia State University; and University of North Georgia. Media Contact: Kekst CNC CCLUSGMedia@ View original content: SOURCE CCL USG Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
Corvias' Georgia student housing LLC files for bankruptcy
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Corvias Campus Living – USG, the project-specific concessionaire and manager of a portfolio of student housing properties as part of a public-private partnership with the University System of Georgia, announced last week it has commenced a Chapter 11 process, according to a news release. The Warwick, Rhode Island-based student housing operator said the decision came after 'extensive, multi-year efforts to make the program with USG's Board of Regents financially viable,' and the bankruptcy decision was an effort 'to restructure the partnership and achieve a long-term solution for the program,' according to the release. Corvias' student operation is part of a larger company that provides military housing, energy management, construction and design services, asset management and financing. The bankruptcy pertains only to CCL-USG. 'No other entity is included in the proceedings, and all Corvias businesses are operating as usual,' the company said in the release. CCL-USG operates student housing properties at nine USG campuses, including: Abraham Baldwin Agricultural College. Armstrong Campus of Georgia Southern University. Augusta University. College of Coastal Georgia. Columbus State University. Dalton State College. East Georgia State College. Georgia State University. University of North Georgia. In the release, CCL-USG said the student housing program in Georgia was 'no longer sustainable' as currently structured. The University System of Georgia didn't reply to Multifamily Dive's request for comment. 'The operating landscape has shifted dramatically since the partnership was formed and, in response, CCL-USG has gone above and beyond its contractual requirements — even forgoing its management fee for all but two months over the past five years,' Corvias said in the release. The firm pointed to the impact of COVID-19, an escalating cost environment and lower-than-expected housing revenue and student occupancy across Georgia's University System as reasons the student program was operating at a significant loss. 'Despite previous attempts led by CCL-USG to work collaboratively on a solution that would make the partnership viable now and into the future, progress has not been made,' Corvias said in the release. CCL-USG said it views restructuring as the 'best way to drive toward a long-term solution while protecting and maintaining' the program for the benefit of the residents who rely on the firm. 'CCL-USG is now turning to a proven legal process with the objective of returning this student housing program to financial viability through constructive engagement with the BOR and holders of notes issued by CCL-USG in connection with the project's 2015 launch,' the firm said in the release. Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday. Sign in to access your portfolio
