Hindustan Unilever Limited (HUL) announced its standalone net profit for the March quarter of FY23 at Rs 2,552 crore on April 27. This is an increase of 9.66 percent from Rs 2,327 crore in the same period of the prior financial year.
According to a regulatory statement from the FMCG giant, total revenue reached Rs 15,053 crore, up 10.81 percent from Rs 13,584 crore in the same period last year.Revenue fell short of expectations, although profit was mostly on track. A survey of brokerages revealed that HUL’s standalone Q4 revenue was estimated to be Rs 15,277 crore and its net profit to be Rs 2,584 crore. According to estimates, price increases drove a 9 percent increase in income and a 5% increase in volume. Volume growth was 5% again in the preceding quarter.
EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased by 7% to Rs 3,471 crore during the quarter. EBITDA margin, which was at 23.7%, fell by 90 bps year over year. Compared to the projection of 23.9 percent, the EBITDA margin was 23.3 percent.
According to HUL, the home care division posted another strong quarter with a 19 percent increase in revenue. Household care and fabric wash both experienced solid double-digit growth. Beauty and personal care saw a 10 percent growth across all categories.
Foods, coffee, and health food drinks (HFD) were the main drivers of the 3 percent growth in food and refreshment.
With a smaller price vs. cost disparity, gross margin increased by 120 bps quarter over quarter.
The managing director and CEO, Sanjiv Mehta, stated, “We continue to make steady progress in future-proofing our business through portfolio transformation and establishing differentiated competencies. “Going forward, the operational environment is probably going to stay unstable. Price and volume growths will re balance as inflation eases as a result of a high base eroding and a few commodities progressively softening.
“Market quantities will steadily increase as consumption patterns change. We are still committed to running our company nimbly, expanding our consumer franchise, and keeping good profitability.In the prior quarter, volume growth was also 5%.