Hindustan Unilever’s Q4FY24 Quarter Results
- 25 Apr 2024
- 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)
Total income
Q4FY23
15,375
Q3FY24
15,781
Q4FY24
15,441
QoQ (%)
-2%
YoY (%)
0.4%
(Rs, crores)
Total expenses
Q4FY23
11,962
Q3FY24
12,305
Q4FY24
12,100
QoQ (%)
-2%
YoY (%)
1%
(Rs, crores)
Profit before tax
Q4FY23
3,492
Q3FY24
3,445
Q4FY24
3,419
QoQ (%)
-1%
YoY (%)
-2%
(Rs, crores)
Tax
Q4FY23
891
Q3FY24
937
Q4FY24
858
QoQ (%)
-8%
YoY (%)
-4%
(Rs, crores)
Profit after tax
Q4FY23
2,601
Q3FY24
2,508
Q4FY24
2,561
QoQ (%)
2%
YoY (%)
-2%
(Rs, crores)
Earnings per share
Q4FY23
11.1
Q3FY24
10.7
Q4FY24
10.9
QoQ (%)
YoY (%)
| (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
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