NEW DELHI: FMCG main Hindustan Unilever Ltd on Thursday reported an building up of 12.74 in step with cent in its consolidated internet benefit at Rs 2,601 crore for the fourth quarter ended March 31, 2023, led by means of underlying quantity enlargement and development in margins.
The corporate had posted a internet benefit of Rs 2,307 crore within the January-March quarter of the former fiscal.
Its internet gross sales throughout the quarter underneath evaluation stood at Rs 14,926 crore, up 10.83 in step with cent, as in opposition to Rs 13,468 crore within the corresponding length a yr in the past, Hindustan Unilever Ltd (HUL) mentioned in a regulatory submitting.
“HUL delivered strong performance with turnover growth of 11 per cent and underlying volume growth of 4 per cent. Growth was competitive with more than 75 per cent of the business winning market shares,” HUL mentioned in its profits observation.
HUL’s general bills have been at Rs 11,961 crore in This autumn/FY23, as in opposition to Rs 10,782 crore.
“Gross margin improved 120 bps… with a reduction in price vs. cost gap. We continued to invest competitively behind our brands and stepped-up A&P investments by 80 bps… EBITDA margin at 23.7 per cent remains healthy,” it mentioned.
The general source of revenue of HUL within the March quarter, together with – gross sales, provider and different running earnings, stood at Rs 15,375 crore.
In the March quarter, HUL’s house care section delivered “solid performance” with 18.84 in step with cent earnings enlargement to Rs 5,637 crore. It was once at Rs 4,743 crore in This autumn/FY22.
“Both Fabric Wash and Household Care grew in strong double digits. The premium portfolio continued to outperform driven by effective market development actions,” mentioned HUL.
Similarly, its earnings from Beauty & Personal Care was once up 10.83 in step with cent to Rs 5,257 crore. It was once at Rs 4,743 crore a yr in the past.
The double-digit enlargement in Beauty & Personal Care was once led by means of a broad-based efficiency throughout classes.
“Skin Cleansing delivered double-digit growth led by Lux. With softening in Palm Oil, further price reductions were taken in the soaps portfolio. Hair Care continued its strong competitive performance and delivered volume-led mid-single digit growth,” it mentioned.
Skin Care grew in double digits led by means of robust efficiency within the top rate portfolio.
“Further progress was made on portfolio transformation through innovations and entry into fast-growing demand spaces. A new Skin Care brand ‘Novology’ in the masstige beauty segment, the new range of Hair Care products by Dove and Tresemme, a bathing range by Lux , and Lakme’s Lip and Face mousse were launched in the quarter,” it mentioned.
In the Foods & Refreshment, HUL’s earnings within the March quarter was once up 2.59 in step with cent to Rs 3,794 crore as in opposition to Rs 3,698 crore of the corresponding length.
The enlargement was once led by means of Foods, Coffee and Health Food Drinks (HFD). Tea bolstered its worth and quantity marketplace management.
“Tea category witnessed consumers downgrading due to higher inflation in premium teas vis-à-vis loose tea. HFD continues to grow competitively and gain penetration. Coffee delivered double-digit growth. Ice Cream grew in mid-single digit with unseasonal rains impacting consumption it said.
Foods grew in the mid-single digit led by strong performance in Ketchup and Foods Solutions.
However, HUL’s revenue from another segment, which includes exports, consignment etc was down 9.6 per cent to Rs 527 crore in the January-March period.
HUL’s consolidated net profit was up 14.06 per cent to Rs 10,143 crore for the financial year ended March 31, 2023. It was at Rs 8,892 in FY22.
Similarly, its revenue from operations stood at Rs 59,443 crore, up 15.49 per cent. It was at Rs 51,472 crore a year earlier.
“Growth was significantly ahead of the market leading to handsome market share gains. EBITDA margin remained healthy at 23.4 per cent despite the unprecedented inflation during the year,” it mentioned.
“In challenging circumstances of geopolitical uncertainties, high commodity inflation and tepid market growth, I am pleased that we have delivered yet another year of strong and resilient performance.
“We have added round Rs 8,000 crores to our topline on this fiscal with quantity enlargement in mid-single digits regardless of a decline in FMCG marketplace volumes,” HUL CEO and Managing Director Sanjiv Mehta mentioned.
The board of HUL additionally really helpful a last dividend of Rs 22 for the monetary yr ended March 31, 2023, on Equity Shares of Re 1 each and every.
Shares of HUL on Thursday have been buying and selling at Rs 2470.05 on BSE, down 1.38 in step with cent from the former shut.
The corporate had posted a internet benefit of Rs 2,307 crore within the January-March quarter of the former fiscal.
Its internet gross sales throughout the quarter underneath evaluation stood at Rs 14,926 crore, up 10.83 in step with cent, as in opposition to Rs 13,468 crore within the corresponding length a yr in the past, Hindustan Unilever Ltd (HUL) mentioned in a regulatory submitting.
“HUL delivered strong performance with turnover growth of 11 per cent and underlying volume growth of 4 per cent. Growth was competitive with more than 75 per cent of the business winning market shares,” HUL mentioned in its profits observation.
HUL’s general bills have been at Rs 11,961 crore in This autumn/FY23, as in opposition to Rs 10,782 crore.
“Gross margin improved 120 bps… with a reduction in price vs. cost gap. We continued to invest competitively behind our brands and stepped-up A&P investments by 80 bps… EBITDA margin at 23.7 per cent remains healthy,” it mentioned.
The general source of revenue of HUL within the March quarter, together with – gross sales, provider and different running earnings, stood at Rs 15,375 crore.
In the March quarter, HUL’s house care section delivered “solid performance” with 18.84 in step with cent earnings enlargement to Rs 5,637 crore. It was once at Rs 4,743 crore in This autumn/FY22.
“Both Fabric Wash and Household Care grew in strong double digits. The premium portfolio continued to outperform driven by effective market development actions,” mentioned HUL.
Similarly, its earnings from Beauty & Personal Care was once up 10.83 in step with cent to Rs 5,257 crore. It was once at Rs 4,743 crore a yr in the past.
The double-digit enlargement in Beauty & Personal Care was once led by means of a broad-based efficiency throughout classes.
“Skin Cleansing delivered double-digit growth led by Lux. With softening in Palm Oil, further price reductions were taken in the soaps portfolio. Hair Care continued its strong competitive performance and delivered volume-led mid-single digit growth,” it mentioned.
Skin Care grew in double digits led by means of robust efficiency within the top rate portfolio.
“Further progress was made on portfolio transformation through innovations and entry into fast-growing demand spaces. A new Skin Care brand ‘Novology’ in the masstige beauty segment, the new range of Hair Care products by Dove and Tresemme, a bathing range by Lux , and Lakme’s Lip and Face mousse were launched in the quarter,” it mentioned.
In the Foods & Refreshment, HUL’s earnings within the March quarter was once up 2.59 in step with cent to Rs 3,794 crore as in opposition to Rs 3,698 crore of the corresponding length.
The enlargement was once led by means of Foods, Coffee and Health Food Drinks (HFD). Tea bolstered its worth and quantity marketplace management.
“Tea category witnessed consumers downgrading due to higher inflation in premium teas vis-à-vis loose tea. HFD continues to grow competitively and gain penetration. Coffee delivered double-digit growth. Ice Cream grew in mid-single digit with unseasonal rains impacting consumption it said.
Foods grew in the mid-single digit led by strong performance in Ketchup and Foods Solutions.
However, HUL’s revenue from another segment, which includes exports, consignment etc was down 9.6 per cent to Rs 527 crore in the January-March period.
HUL’s consolidated net profit was up 14.06 per cent to Rs 10,143 crore for the financial year ended March 31, 2023. It was at Rs 8,892 in FY22.
Similarly, its revenue from operations stood at Rs 59,443 crore, up 15.49 per cent. It was at Rs 51,472 crore a year earlier.
“Growth was significantly ahead of the market leading to handsome market share gains. EBITDA margin remained healthy at 23.4 per cent despite the unprecedented inflation during the year,” it mentioned.
“In challenging circumstances of geopolitical uncertainties, high commodity inflation and tepid market growth, I am pleased that we have delivered yet another year of strong and resilient performance.
“We have added round Rs 8,000 crores to our topline on this fiscal with quantity enlargement in mid-single digits regardless of a decline in FMCG marketplace volumes,” HUL CEO and Managing Director Sanjiv Mehta mentioned.
The board of HUL additionally really helpful a last dividend of Rs 22 for the monetary yr ended March 31, 2023, on Equity Shares of Re 1 each and every.
Shares of HUL on Thursday have been buying and selling at Rs 2470.05 on BSE, down 1.38 in step with cent from the former shut.