Results for: FMCG

Hindustan Unilever Limited (HUL) witnessed a 6% decline in standalone net profit during the fourth quarter, with sales marginally increasing. Underlying sales growth (USG) and underlying volume growth (UVG) stood at 1% and 2%, respectively, indicating subdued consumption trends. The Beauty and Personal Care segment experienced a USG decline of 2%, while Home Care and Foods and Refreshment grew by 1% and 4%, respectively. For the full fiscal year, HUL reported a net profit growth of 1.52%, with revenue rising by 2.45%. The company remains optimistic about gradual improvement in consumer demand, citing favorable monsoon and macroeconomic indicators.

Hindustan Unilever (HUL) reported a 6% decline in its standalone net profit for the fourth quarter of FY24. The FMCG giant posted a profit of 2,406 crore, falling short of market expectations of 2,435 crore. However, revenue from operations saw a slight increase to 14,693 crore from 14,638 crore in the same period last year. HUL’s consolidated revenue for the quarter remained steady at 15,210 crore, while its net profit declined by 1.5% to 2,561 crore, including exceptional income of 78 crore. The EBITDA margin remained healthy at 23.8%, up by 40 basis points year-on-year. HUL’s home care segment experienced a 1% growth, with underlying volume growth in the mid-single digits. The beauty and personal care sector maintained its premium portfolio expansion trend, with hair care witnessing robust growth. Food and beverage saw a 4% increase in underlying sales growth, driven by functional nutritional drinks and coffee.

On April 23rd, several significant events unfolded across different sectors, including business, law, and politics. The Supreme Court expressed its concerns over deceptive advertisements by FMCG companies and sought action from relevant ministries. Additionally, JNK India’s IPO garnered substantial interest on its first day of subscription. Furthermore, Tata Consumer Products and ICICI Prudential Life, among others, announced their Q4 financial results. Prime Minister Modi made controversial remarks about Muslim quotas, further escalating political tensions ahead of the 2024 elections.