Net sales

HUL Q4 profit up around 5% to Rs 2,307 crore; Net sales 10% higher at Rs 13,468 crore

Major FMCG Hindustan Unilever Ltd (HUL) on Wednesday announced a 5.34% increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter ended March 31, 2022.

The company had recorded a net profit of Rs 2,190 crore in January-March a year ago.

Sales revenue in the quarter under review was Rs 13,468 crore, up 10.21% from Rs 12,220 crore a year ago, HUL said in a regulatory filing.

In the last financial year, HUL became a Rs 50,000 crore company and also the first pure FMCG company to reach this milestone.

“During the quarter, our revenue increased by 10% with stable underlying volume growth. We continued to grow significantly ahead of the market, gaining market share in both value and volume,” HUL said in the release.

Its EBITDA (earnings before interest, tax, depreciation and amortization) margin at 24.6% remained healthy despite very high inflationary headwinds, he added.

The total expenditure was Rs 10,782 crore against Rs 9,667 crore.

For the financial year ended March 2022, HUL’s consolidated net profit increased by 11.16% to Rs 8,892 crore. It had reported a net profit of Rs 7,999 crore the previous year.

Operating revenue was Rs 51,472 crore in 2021-22. This is 11.24% more than Rs 46,269 crore the previous year.

“In difficult circumstances, we have grown competitively and protected our business model by maintaining margins within a healthy range. I am also delighted that we have grown into a Rs 50,000 crore business in this financial year,” HUL CEO and Managing Director Sanjiv Mehta said.

“Our consistent performance reflects our strategic clarity, the strength of our brands, operational excellence and the dynamic financial management of our business. Although there are near-term concerns about significant inflation and slowing market growth, we are confident in the medium to long-term prospects for India’s FMCG sector and remain focused on consistent growth, competitive, profitable and responsible,” he added.

HUL shares settled at Rs 2,144.25 apiece on BSE on Wednesday, down 0.18% from the previous close.