Results for: HUL

Hindustan Unilever (HUL) witnessed a decline in its share price after reporting its earnings for the quarter ended March 2024. The company’s net profit dropped by 6% year-over-year, leading to a fall in HUL shares by up to 1.2% on the BSE. HUL’s revenue, however, experienced a marginal rise of 2% YoY. The Home Care segment saw a 1% growth, while the Beauty & Personal Care segment contracted by 2%. The Foods & Refreshment segment delivered a 4% growth driven by pricing. Despite the muted results, HUL declared a dividend of 24 per share.

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.