Hindustan Unilever’s Q4FY24 Quarter Results
Hindustan Unilever’s revenues grew 6% YoY
- 25 Apr 2024
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- Hindustan Unilever reported a 2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a growth by a tad 0.4%.
- Its expenses for the quarter were down by 2% QoQ and up 1% YoY.
- The net profit grew 2% QoQ and de-grew 2% YoY.
- The earnings per share (EPS) of Hindustan Unilever stood at 10.9 during Q4FY24.
Hindustan Unilever’s Financial Statements for Q4FY24:
| (Rs, crores) | Q4FY23 | Q3FY24 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 15,375 | 15,781 | 15,441 | -2% | 0.4% |
Total expenses | 11,962 | 12,305 | 12,100 | -2% | 1% |
Profit before tax | 3,492 | 3,445 | 3,419 | -1% | -2% |
Tax | 891 | 937 | 858 | -8% | -4% |
Profit after tax | 2,601 | 2,508 | 2,561 | 2% | -2% |
Earnings per share | 11.1 | 10.7 | 10.9 |
Financial Highlights:
- Profit: Net profit dipped 1.54% to Rs 2,561 crore compared to Rs 2,601 crore in Q4 FY23 [1].
- Revenue: Total income grew marginally by 0.43% to Rs 15,441 crore.
- EBITDA: Earnings before interest, tax, depreciation and amortization (EBITDA) remained healthy at Rs 3,535 crore with a margin of 23.4%.
Sales Performance:
- Underlying Sales Growth (USG): 1%.
- Underlying Volume Growth (UVG): 2%. This indicates a slight increase in the number of units sold.
Segment Highlights:
- Home Care: Strongest performer with mid-single digit volume growth.
- Beauty & Personal Care: Flat volumes, but premium portfolio showed stronger growth.
- Foods & Refreshment: Achieved mid-single digit growth driven by pricing adjustments.
Management Commentary (by CEO & Managing Director, Rohit Jawa):
- Resilient Performance: Despite a challenging environment, HUL delivered a resilient performance for the quarter and full year.
- Profit Milestone: Crossed the Rs 10,000 crore net profit mark for the full year (FY24).
- Dividend Increase: Proposed a final dividend of Rs 24 per share, resulting in an 8% increase in total dividend compared to FY23.
- Future Outlook: Management expects a slow and modest recovery with gradual volume pickup and positive price realization in the second half of the next financial year (FY25).
Data Source: BSE, Company announcements
Disclaimer: The content of this post is intended solely for educational purposes and should not be regarded as financial advice. Past performance is not indicative of future results. The securities and assets mentioned serve purely as illustrations only and should not be taken as recommendations for investment. Please note that the information presented is compiled from several sources available on the internet. We strongly advise consulting with a qualified financial advisor prior to making any investment decisions. Read the full disclaimer here.
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