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HUL Q4 Results: Profit rises 9% YoY to Rs 2,327 crore, beats estimates – Economic Times

NEW DELHI: FMCG giant Hindustan Unilever (HUL) on Wednesday said its standalone net profit for the quarter ended March 2022 stood at Rs 2,327 crore, up 8.58 per cent from Rs 2,143 crore posted in the same quarter last year.

In an analyst poll conducted by ET Now, the projection of net profit stood at Rs 2,180 crore.

The company said its revenue from sale of products during Q4FY22 came in at Rs 13,190 crore, up 10.40 per cent from Rs 11,947 crore in the year-ago quarter.

The board of the company also recommended a dividend of Rs 19 per share. Along with Rs 15 interim dividend paid in November, the total dividend for fiscal 2022 comes in at Rs 34 per share.

HUL said its volume growth was flat but it continued to grow significantly ahead of the market, gaining value and volume market shares. Ebitda margin during the quarter was at 24.6 per cent despite very high inflationary headwinds, the firm said.

“In the context of unprecedented inflation, we continue to manage our business dynamically, driving savings harder across all lines of P&< and taking calibrated pricing actions using the principles of Net Revenue Management. We continue to invest competitively behind our brands,” the company said.

The company said its home care segment growth was at 24 per cent was broad based with strong performance in fabric wash and household care. Beauty and personal care grew stood at 4 per cent. Foods and refreshment grew 5 per cent driven by solid performance in Beverages, Foods, and ice cream.

“In challenging circumstances, we have grown competitively and protected our business model by maintaining margins in a healthy range. I am also pleased that we have become a Rs 50,000 crore turnover company in this fiscal,” said Sanjiv Mehta, CEO and Managing Director, HUL.

“Our consistent performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business. While there are near term concerns around significant inflation and slowing market growth, we are confident of the medium to long-term prospects of the Indian FMCG sector and remain focused on delivering a consistent, competitive, profitable and responsible growth.”