Processing .....please wait.. 
The article has been forwarded.... 
Hindustan Lever's Q1 profit jumps 12.6 percent
Friday, 01 August 2003, 19:30 IST
NEW DELHI: Indian consumer goods giant Hindustan Lever Ltd said Thursday its net profit in the quarter ended June 30 rose a better-than-expected 12.6 percent on increase in sale of its range of personal care products.
Hindustan Lever, the local arm of Anglo-Dutch company Unilever, said net profit in the April-June quarter in the current fiscal year touched 
4.51 billion, up from 4.01 billion logged in the same period in the previous year.
"After a period of restructuring, the company has regained growth momentum led by its power brands," said M.S. Banga, chairman of Hindustan Lever Ltd.
"Our power brands achieved a strong growth for the fifth consecutive quarter at 4.6 percent in the face of depressed markets. This was achieved through exciting innovations and aggressive pricing," he added.
"We are confident that our strategy of focussing innovations on power brands will continue to deliver sustained growth."
Hindustan Lever said its "personal wash" segment grew by eight percent in the April-June quarterly period with its soaps Lifebuoy and Lux registering a sales growth of 31 percent and 10 percent respectively over the corresponding period.
Shares of Hindustan Lever rose 1.3 percent to 170.15 after the company announced 250 percent interim dividend along with its second quarter results.
The rally in Hindustan Lever shares helped the stock market barometer 30-share Bombay Stock Exchange sensitive index or Sensex to close the trade on Thursday with a gain of 12.19 points or 0.32 percent over its previous session's close.
Source: IANS
4.51 billion, up from 4.01 billion logged in the same period in the previous year.
"After a period of restructuring, the company has regained growth momentum led by its power brands," said M.S. Banga, chairman of Hindustan Lever Ltd.
"Our power brands achieved a strong growth for the fifth consecutive quarter at 4.6 percent in the face of depressed markets. This was achieved through exciting innovations and aggressive pricing," he added.
"We are confident that our strategy of focussing innovations on power brands will continue to deliver sustained growth."
Hindustan Lever said its "personal wash" segment grew by eight percent in the April-June quarterly period with its soaps Lifebuoy and Lux registering a sales growth of 31 percent and 10 percent respectively over the corresponding period.
Shares of Hindustan Lever rose 1.3 percent to 170.15 after the company announced 250 percent interim dividend along with its second quarter results.
The rally in Hindustan Lever shares helped the stock market barometer 30-share Bombay Stock Exchange sensitive index or Sensex to close the trade on Thursday with a gain of 12.19 points or 0.32 percent over its previous session's close.
Source: IANS