A pedestrian walks previous the Hindustan Unilever Limited (HUL) headquarters. File
| Photo Credit: Reuters
Hindustan Unilever Ltd. reported standalone fourth quarter net profit grew 10% year-on-year (YoY) to ₹2,552 crore. Revenue from sale of merchandise rose to ₹14,638 crore from ₹13,190 crore.
For the monetary 12 months income from sale of merchandise grew 16% to ₹58,154 crore with underlying quantity progress of 5%.
Net profit for FY23 rose 13% y-o-y to ₹9,962 crore.
“Growth was significantly ahead of the market leading to handsome market share gains. EBITDA margin remained healthy at 23.4% despite the unprecedented inflation during the year,” the corporate stated.
The board has really helpful a final dividend of ₹22 per share on every fairness share of ₹ 1 every.
Together with interim dividend of ₹17 per share, the full dividend for the 12 months quantities to ₹39 per share.
Home Care phase of the corporate delivered 19% income progress whereas Beauty & Personal Care grew 10% with broad-based efficiency throughout classes. Foods & Refreshment grew 3% led by Foods, Coffee and Health Food Drinks (HFD).
Sanjiv Mehta, CEO and Managing Director stated, ‘In difficult circumstances of geopolitical uncertainties, excessive commodity inflation and tepid market growths, I’m happy that we’ve delivered one more 12 months of robust and resilient efficiency.”
“We have added ₹8,000 crore to our topline in this fiscal with volume growth in mid-single digits despite decline in FMCG market volumes. We continue to make steady progress in future-proofing our business through portfolio transformation and building distinctive capabilities,” he stated.
“Looking forward, the near-term operating environment is likely to remain volatile. With inflation easing due to lapping of high base and sequential softening in a few commodities, price and volume growths will rebalance,” he added.
“Market volumes will recover gradually as consumption habits readjust. We remain focused on managing our business with agility and growing our consumer franchise whilst maintaining margins in a healthy range. We stay confident of the medium to long term potential of Indian FMCG sector,” he additional stated.
