Hindustan Unilever’s March quarter profit jumps to Rs 2,307 crore
New Delhi:
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 5.34 per cent rise in consolidated net profit at Rs 2,307 crore for the fourth quarter ended March 31, 2022.
The company had posted a net profit of Rs 2,190 crore in the January-March period a year ago.
In a regulatory filing, HUL said revenue from sales grew 10.21 per cent to Rs 13,468 crore during the quarter under review as against Rs 12,220 crore in the year-ago period.
In the last financial year, HUL became a company with a turnover of Rs 50,000 crore and also became the first pure FMCG firm to achieve this feat.
“During the quarter, our turnover grew by 10 per cent with flat underlying volume growth. We continued to outperform the market, gaining value and volume market share,” HUL said in the earnings statement.
Its EBITDA (earnings before interest, taxes, depreciation and amortization) margin remained healthy at 24.6 per cent despite very high inflation.
The total expenditure stood at Rs 10,782 crore as against Rs 9,667 crore.
For the financial year ended March 2022, HUL’s consolidated net profit rose 11.16 per cent to Rs 8,892 crore. Last year it had reported a net profit of Rs 7,999 crore.
Revenue from operations stood at Rs 51,472 crore in 2021-22. This is 11.24 per cent higher than last year’s Rs 46,269 crore.
Sanjiv Mehta, CEO and Managing Director, HUL said, “In challenging circumstances, we have grown competitively and protected our business model while maintaining margins in a healthy range. I am also happy that we are able to achieve this goal. Have become a company with a turnover of Rs 50,000 crore in the financial year.
“Our consistent performance reflects our strategic clarity, the strength of our brands, operational excellence and dynamic financial management of our business. While there are near-term concerns about significant inflation and slowing market growth, we remain confident in the medium to long term Indian The long-term prospects of the FMCG sector and focus on delivering a consistent, competitive, profitable and responsible growth,” he said.