Hindustan Unilever Q4 Results Highlights: HUL net profit declines 1.5% YoY to ₹2561 crore, final dividend announced

Hindustan Unilever Q4 Results Live Update at 5:30 pm: Why India offers a opportunity for FMCG sector?

• Fastest growing major economy
• Rise of affluent households
• Rapid digital revolution
• Under-indexed per-capita FMCG consumption

Hindustan Unilever Q4 Results Live Update at 5:27 pm: Foods and refreshment segment

Foods and refreshment had a underlying sales growth (USG) of 4% with flat volume growth. Functional Nutritional Drinks (Horlicks & Boost) delivered high-single digit growth driven by Plus range. Tea continued to strengthen value and volume market leadership. Category continued to witness consumers downgrading to loose tea.

Coffee delivered double digit growth driven by pricing. Foods grew in mid-single digit led by strong performance in Soups and Food solutions. Mayonnaise and Peanut Butter continue to gain consumer traction. Ice Cream grew in double digit led by volumes. An exciting range of innovations including Cadbury crackle feast, American nuts and Mango Duet were launched ahead of the upcoming ice-cream season.

Hindustan Unilever Q4 Results Live Update at 5:25 pm: Beauty and personal care segment

Beauty and personal care continued to witness premium portfolio growing ahead of the rest. Overall, the segment had a USG of -2% with flat volumes. Hair care delivered volume driven high-single digit growth led by outperformance in Dove and Tresemme. Skin care and colour cosmetics grew in low-single digit. Premium skin care continued its strong double-digit growth trajectory led by innovations in new demand spaces and formats.

Skin cleansing declined due to impact of price cuts coupled with drop in volumes in the mass and popular segments while bodywash continued to do well. Oral care saw a double-digit broad based growth driven by pricing. A range of innovations under Lakme cosmetics, sun-care products under Glow and Lovely, Ponds and Lakme skin, and sensitive skin cleansing range by Dove were launched in the quarter.

Hindustan Unilever Q4 Results Live Update at 5:21 pm: Home care segment

Home care grew 1% with mid-single digit underlying volume growth (UVG). Both Fabric Wash and Household Care grew volumes in mid-single digit driven by strong performance in premium portfolio. The category continued to witness YoY price decline on account of actions taken during the year.

Hindustan Unilever Q4 Results Live Update at 5:15 pm: On Q4 FY24 results, Rohit Jawa, CEO and Managing Director of HUL, said, "In FY24 we delivered a resilient performance with 3% underlying sales growth (USG) and crossed ₹10,000 crore net profit mark. We remain focused on driving operational excellence and have continued to build back our gross margins whilst stepping up investment in brands and long-term capabilities. Looking forward, I am optimistic of consumer demand gradually improving due to a normal monsoon and better macro-economic indicators.

He added, "With rising affluence, under-indexed FMCG consumption and a strong digital infrastructure, I remain very confident of the medium to long-term potential of Indian FMCG sector. To serve the evolving aspirations of Indian consumers, we have embarked on a journey of 'Transform to Outperform'. Our key thrusts of growing our core through unmissable brand superiority, market making and premiumisation, re-shaping our portfolio to high growth spaces and leadership in channels of future, backed by our distinctive capabilities will enable us to continue winning in the Indian FMCG sector".

Hindustan Unilever Q4 Results Live Update at 5:09 pm: During FY2024, total sales was ₹59,579 crores. On a comparable basis (adjusted for disposal in the base), this was 3% growth vs FY2023.

Hindustan Unilever Q4 Results Live Update at 5:05 pm: HUL brands turnover

• ₹5,000 crore and above: Surf Excel and Brooke Bond
• ₹2,000 crore and above: Dove, Pond's, Vim, Rin, Clinic Plus, Lifebuoy, Glow & Lovely, Lux, Horlicks, Active Wheel 2 in 1
• ₹1,000 crore and above: Comfort, Bru, Closeup, Kwality Walls, Pears, Kissan and Lakme
• Brands moving close to ₹1,000 crore: Boost, Sunsilk and Vaseline

Hindustan Unilever Q4 Results Live Update at 4:52 pm: HUL has decided to hold the 91st annual general meeting (AGM) on Friday, 21 June, 2024.

Hindustan Unilever Q4 Results Live Update at 4:50 pm: HUL has approved appointment of BP Biddappa, presently Global Chief Human Resource Officer, Home Care business, as Whole-time Director of the company with effect from 1 June, 2024 up to 31 May, 2029, subject to the approval of the shareholders.

Anuradha Razdan, currently Executive Director, Human Resources will be appointed as Chief Reward and Organization Development Officer for Unilever PLC and will cease to be a Member of the Management Committee of the Company with effect from 1 June, 2024.

Hindustan Unilever Q4 Results Live Update at 4:44 pm: HUL's turnover for the financial year ended 31st March, 2024 was ₹59,579 crores as against turnover of ₹58,154 crores for the financial year ended 31 March, 2023.

Hindustan Unilever Q4 Results Live Update at 4:34 pm: Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter at ₹3,535 crores vs ₹3,574 crores in Q4 FY24, reflecting a decline of 1%. EBITDA margin declined by 40 bps at 23.5% vs 23.9% in Q4 FY23.

Hindustan Unilever Q4 Results Live Update at 4:31 pm: Consolidated segment-wise revenue breakup

Hindustan Unilever Q4 Results Live Update at 4:30 pm: The home care segment revenue increased by 1.2% YoY and 4.8% QoQ at ₹5709 crore, at the same time the personal and beauty care segments reported 0.8% decline YoY and 9.8% decline in the revenue at ₹5215 crore.

Hindustan Unilever Q4 Results Live Update at 4:29 pm: On segmental basis, the company's home care and beauty & personal care segment reported marginal improvements over previous year same period.

Hindustan Unilever Q4 Results Live Update at 4:23 pm: The consolidated revenue for the quarter largely remained unchanged for the Q4 FY24 at ₹15,210 crore vs ₹15,215 crore in Q4 FY23.

Hindustan Unilever Q4 Results Live Update at 4:19 pm: HUL has recommended a final dividend of ₹24 for the financial year ended 31 March, 2024 on Equity Shares of ₹1 each. The Company had earlier paid an interim dividend of ₹18 per share on 16 November, 2023. The total dividend for the said period amounts to ₹42 per equity share of face value of ₹1 each.

Hindustan Unilever Q4 Results Live Update at 4:15 pm: Hindustan Unilever's net profit for the quarter declined by 1.5% year-on-year (YoY) at ₹2561 crore, which includes exceptional income of ₹78 crore. In the year, ago period, the company had reported a profit of ₹2,601.

Hindustan Unilever Q4 Results Live Update at 4:03 pm: HUL April 24 trading stats

• Close: ₹2,260.05
• high: ₹2,268.35
• Low: ₹2,245.65
• Traded volume: 14.4 lakh
• Traded value: ₹316.83 crore
• Total market capitalisation: ₹5,31,019.37 crore

Hindustan Unilever Q4 Results Live Update at 3:35 pm: Shares of HUL closed at ₹2,260, reflecting a decline of 0.12%, on the NSE. Intraday, the stock hit a high of ₹2,268.

Hindustan Unilever Q4 Results Live Update at 3:18 pm: Senior management

• Rohit Jawa- Managing Director & Chief Executive Officer
• Ritesh Tiwari- Executive Director, Finance & IT and Chief Financial Officer
• Dev Bajpai- Executive Executive, Legal & Corporate Affairs and Company Secretary
• Anuradha Razdan- Executive Director, Human Resources
• Srinandan Sundaram- Executive Director, Home Care
• Harman Dillon- Executive Director, Beauty & Wellbeing
• Shiva Krishnamurthy- Executive Director, Foods and Refreshment
• Vibhav Sanzgiri- Executive Director, R&D
• Kedar Lele- Executive Director, Customer Development
• Yogesh Mishra- Executive Director, Supply Chain
• Arun Neelakantan- Chief Digital Officer

Hindustan Unilever Q4 Results Live Update at 2:35 pm: How HUL performed in last three quarters of FY24

The consolidated net profit of HUL stood at ₹2,508 crore in the December quarter compared to ₹2,657 crore in September quarter. The profit after tax (PAT) dropped 5.6% sequentially. In Q1FY24, the company reported consolidated net profit of ₹2,556 crore.

HUL net profit missed the market estimates on account of weak demand, especially in the rural regions.

CLICK HERE to read detailed report on HUL's revenue, EBITDA and more.

Hindustan Unilever Q4 Results Live Update at 2:10 pm: HUL shares declined by 0.41% or ₹9.25 at ₹2,253 on the NSE. On the BSE, the stock was at ₹2,255, reflecting a decline of 0.32%.

Hindustan Unilever Q4 Results Live Update at 1:41 pm: A CNBC-TV18 poll expects the FMCG giant's revenue to remain flat, while profits may decrease compared to the year-ago period.

Hindustan Unilever Q4 Results Live Update at 1:04 pm: How many brands does HUL own in India?

The FMCG giant has more than 50 brands in India, including Active Wheel 2 in 1, Boost, Axe, Brooke Bond Red Label, Bru, Clear, Clinic Plus, Cornetto, Comfort, Close Up, Domex, Dove, Glow & Handsome, Glow & Lovely, Hamam, Horlicks, Indulekha, Kissan, Knorr, Kwality Wall's, Lux, Lakme, Lifebuoy, Lipton, Liril, Love & Care, Magnum, Pepsodent, Pond's, Rin, Surf Excel, Sunsilk, TRESemme, Vaseline, Vim, Sunlight, Simple, and Rexona among others.

Hindustan Unilever Q4 Results Live Update at 12:37 pm: HUL shares declined by 0.47% or ₹10.70 at ₹2,252 on the NSE. On the BSE, the stock was at ₹2,251, reflecting a decline of 0.49%.

Hindustan Unilever Q4 Results Live Update at 12:08 pm: How HUL fared in previous quarters

The consolidated net profit of HUL stood at ₹2,508 crore in the December quarter compared to ₹2,657 crore in September quarter. The profit after tax (PAT) dropped 5.6% sequentially.

In Q1FY24, the company reported consolidated net profit of ₹2,556 crore.

Hindustan Unilever Q4 Results Live Update at 11:44 am: Experts are predicting a muted set of Q4 numbers from HUL as domestic consumer demand remains weak. Sales and volume growth is widely expected to remain flat, while margins may stay under pressure during Q4 FY24 on the back of price cuts undertaken during the quarter.

Hindustan Unilever Q4 Results Live Update at 11:18 am: Board of Directors

• Nitin Paranjpe - Non Executive Chairman
• Rohit Jawa - Managing Director and Chief Executive Officer
• Ritesh Tiwari - Executive Director, Finance & IT and Chief Financial Officer
• Dev Bajpai - Executive Director, Legal and Corporate Affairs and Company Secretary
• OP Bhatt- Independent Director
• Sanjit Mishra- Independent Director
• Kalpana Morparia- Independent Director
• Leo Puri- Independent Director
• Ashu Suyash- Independent Director
• Ranjay Gulati- Independent Director
• Neelam Dhawan- Independent Director
• Tarun Bajaj- Independent Director

Hindustan Unilever Q4 Results Live Update at 10:47 am: HUL shares were down by 0.20% or ₹4.50 at ₹2,258 on the NSE. On the BSE, the stock was at ₹2,258, reflecting a decline of 0.17%.

Hindustan Unilever Q4 Results Live Update at 10:20 am: What we know about HUL financial results

The company in its website said, "Hindustan Unilever Limited will release its financial results for March Quarter & Financial Year 2024 on Wednesday, 24th April 2024. A teleconference / webcast will be hosted by Management on Wednesday, 24th April at 18:30 hours (IST)".

Hindustan Unilever Q4 Results Live Update at 10:03 am: Shares of FMCG giant were trading at ₹2,257, down 0.22%, on the NSE.

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Hindustan Unilever Limited Q4 results today: Hindustan Unilever Limited (HUL) will announce its financial results for Q4 FY24 on Wednesday, April 24.

With the subdued rural demand, investors will keep an eye on HUL's volume growth for the January-March quarter. In the last six months, the fast-moving consumer goods (FMCG) giant witnessed an 8.5% dip in share price. The stock has slumped more than 15% this year.

In the December quarter, the consolidated net profit of HUL was ₹2,508 crore against ₹2,657 crore in the September quarter. In Q1 FY24, the company's consolidated net profit stood at ₹2,556 crore.

Hindustan Unilever's consolidated total revenue in Q3 FY24 was ₹15,781 crore, which is slightly less by 0.15% in comparison to the revenue of ₹15,806 crore in the September quarter. In Q1 FY24, the company had reported a total revenue of ₹15,679 crore.

Other companies that will declare their Q4 results today include Axis Bank, Macrotech Developers, 5paisa Capital, DCB Bank, Oracle Financial Services Software Ltd, LTIMindtree Ltd, Dalmia Bharat, Agro Tech Foods, Nippon Life India Asset Management, AU Small Finance Bank, Maharashtra Scooters, Equitas Small Finance Bank, The Indian Hotels Co, Chennai Petroleum Corporation, Anant Raj, Harshdeep Hortico Ltd, Supreme Petrochem, PNGS Gargi Fashion Jewellery Ltd, MAS Financial Services Ltd, Syngene International Ltd, Dhampur Bio Organics, and Nitin Fire Protection Industries Ltd.