HUL Q4 profit up 9 percent to Rs 2327 cr, earnings up 10 percent
HUL’s Q4 profit up 9 percent
Along with the results, the company has also announced a dividend of Rs 19 per share to its shareholders. With this, the company has declared a total dividend of Rs 34 per share to its investors.
FMCG Sector (FMCG Sector) giant company HUL ,HUL) announced its March quarter results (Q4 Results) have been issued. According to the company, during the quarter ended March 2022, the company’s standalone profit stood at Rs 2,327 crore, which is 8.58 percent higher than the profit of Rs 2,143 crore in the corresponding quarter last year. According to ET, this figure is better than the estimates of experts, in a survey among experts, the profit was estimated to be Rs 2,180 crore. Along with this, the board has announced a dividend of Rs 19 per share to its investors. At the same time, the consolidated profit of the company increased by 5.34 percent to Rs 2,307 crore.
Earnings up 10 percent during the quarter
The company has said that during the fourth quarter, the company’s income from the sale of FMCG products has increased by 10.4 percent to Rs 13,190 crore. The company’s income in the same quarter last year was Rs 11,947 crore. HUL said volume growth has remained at last year’s levels, though it has been ahead of market growth. At the same time, the company is continuously increasing its market share on the basis of both value and volume. Despite the sharp jump in commodity prices, EBITDA margins during the quarter are at 24.6 per cent. The company said that amidst rising inflation, the company is constantly focusing on savings. The company said that its home care segment has seen a growth of 24 percent, beauty and personal care has seen a growth of 4 percent, food and refreshment has seen a growth of 5 percent. According to the company, the fabric wash, household care, beverages, foods, and ice cream segments performed better during the quarter. At the same time, the company’s total expenses during the quarter were Rs 10,782 crore, which is at the level of Rs 9,667 crore in the previous quarter.
Inflation raised concerns
According to HUL MD and CEO Sanjiv Mehta, inflation is a big concern in the short term and it can slow down the growth of the market. While domestic foodgrain production and monsoon signals are positive, the prospects of a price slide in the medium term will increase if the Russia-Ukraine crisis is expected to end. According to HUL, prices can be expected to soften from the second half of the financial year.