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HUL Q4 Stand-Alone Profit Grows By 15%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Hindustan Unilever Ltd., or HUL, India's largest fast moving consumer goods company, reported a higher stand-alone net profit for the fourth-quarter, despite slowing market growth and inflationary pressures on consumers.

Stand-alone Results

The Mumbai-based company posted a fourth-quarter stand-alone net profit of Rs.787.20 crore or Rs.3.64 per share, compared with Rs.686.61 crore or Rs.3.18 per share in the year-ago quarter. Net profit and earnings per share grew by 15 and 14 percent respectively. benign

Results for the reported quarter included a one-time gain of Rs.9.41 crore, compared with Rs.28.08 crore in the prior-year quarter. Excluding gain, net profit for the quarter was Rs.781 crore, up by 18 percent from the Rs.664.00 crore in Q4FY12, the company said.

Quarterly net sales from operations amounted to Rs.6,367.14 crore, up by 12 percent from the Rs.5,660.48 crore in the year-ago quarter, while other operating income was Rs. crore and Rs.105.42 crore last year.

During the quarter, net sales from domestic 'FMCG' segment amounted to Rs.6,127.73 crore and that of 'Others' and 'other operating income' totaled Rs.338.08 crore.

For the fiscal year, HUL's stand-alone net profit increased by 41 percent to Rs.3,796.67 from the Rs.2,691.40 crore for the 12 months ended March 31 last year. Total sales, including other operating income was Rs.25,810.21 crore, compared with Rs.22,116.37 crore in 2012, an increase of 17 percent.

Consolidated Results

Consolidated net profit, after minority interest and share of associates, for the 12-month period was Rs.3,828.98 crore, whereas it was Rs.2,790.66 crore last year, registering a 37 percent growth. Total sales, including other operating income, rose to 15 percent to Rs.27,003.99 crore from the Rs.23,436.33 crore a year-ago.

The company's Board has recommended a final dividend of Rs.6.0 per equity share of Re.1 each for 2013 fiscal year, to be paid on or after July 30.

HUL Chairman Harish Manwani said, "In a challenging environment, we have delivered broad based competitive growth and margin improvement. We have continued to invest in strengthening our brands, stepped up innovation and driven in-market execution and operational efficiencies even harder. At the same, we are making good progress on our Sustainable Living Plan agenda. While there are near term concerns around slowing market growth and inflationary pressures on consumers, we are confident of the medium to long term growth prospects of the FMCG sector and remain focused on delivering consistent and competitive growth with sustainable operating margin improvement."

At the BSE, Hindustan Unilever shares are currently trading at Rs.497.90, up 7.04 percent from the previous close.

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