New Delhi:
FMCG wholesaler Hindustan Unilever Ltd (HUL) on Wednesday reported a 5.34 percent increase in consolidated net profit at Rs 2,307 crore for the fourth quarter ended March 31, 2022.
The company posted a net profit of Rs 2,190 crore in the January-March period a year ago.
Revenue from sales during the assessed quarter was Rs 13,468 crore, an increase of 10.21 percent, compared to Rs 12,220 crore in the same period a year ago, HUL said in a regulatory filing.
In the past fiscal year, HUL became a revenue company of Rs 50,000 crore and also the first pure FMCG company to reach this milestone.
“During the quarter, our revenue grew 10 percent, with flat underlying volume growth. We grew significantly ahead of the market and gained value and volume market share,” HUL said in its statement of income.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin of 24.6 percent remained healthy despite very high inflationary headwinds, it added.
The total cost was Rs 10,782 crore against Rs 9,667 crore.
For the fiscal year ended March 2022, HUL’s consolidated net profit increased by 11.16 percent to Rs 8,892 crore. It had reported a net profit of Rs 7,999 crore last year.
The operating income was Rs 51,472 crore in 2021-22. This is 11.24 percent higher than Rs 46,269 crore in the previous year.
“In challenging conditions, we have grown competitively and protected our business model by keeping margins in a healthy range. I am also pleased that we have reached a turnover of Rs 50,000 crore in this fiscal year,” said HUL CEO and Managing Director Sanjiv Mehta.
“Our consistent performance reflects our strategic clarity, the strength of our brands, operational excellence and dynamic financial management of our business. While there are short-term concerns about significant inflation and slowing market growth, we are confident in the medium to long-term outlook term of the Indian FMCG industry and remain focused on delivering consistent, competitive, profitable and responsible growth,” he added.