Hindustan Unilever reports marginal drop in Q4 profit, revenue rises to ₹15,013 crore YoY
Upstox
2 min read • Updated: April 24, 2024, 6:18 PM
Summary
The company's board recommended a final dividend of ₹24 for FY24 on shares of ₹1 each. The total dividend for the last financial year amounts to ₹42 as the company had paid an interim dividend of ₹18 in November last year.
Hindustan Unilever on Wednesday, April 24, reported a standalone net profit of ₹2,406 crore for the March quarter (Q4) of the last financial year (FY24), marking a 5.7% year-on-year (YoY) drop. In the same quarter of FY 2022-23, the FMCG giant’s net profit stood ₹2,552 crore.
Total revenue from sales for the quarter under review stood flat at ₹14,693 crore against ₹14,638 crore in Q4FY23.
In consolidated terms, the company's profit fell 1.5% YoY to ₹2,561 crore from ₹2,601 crore in the March quarter of FY23. Total sales rose 0.6% YoY to ₹15,013 crore in Q4FY24 from ₹14,926 crore in Q4FY23.
The company said that its earnings before interest, tax, depreciation and amortisation (EBITDA) for the March quarter declined 1% to ₹3,435 crore against ₹3,471 crore in Q4FY23. EBITDA margin also declined by 30 bps YoY to 23.4%.
Also read: Hindustan Unilever Q4 Results Highlights
Segment wise revenue
Segment-wise, 'Beauty & Personal Care' consolidated revenue declined 2.5% YoY to ₹5,125 crore in Q4FY24 from ₹5,257 crore in the same quarter last year.
Revenue from the home care segment rose 1.3% YoY to ₹5,709 crore in Q4FY24 against ₹5,637 crore in the corresponding quarter of the previous fiscal.
The foods and refreshment segment saw a 3% YoY rise in revenue to ₹3,910 crore for the quarter under review and ₹3,794 crore for the same quarter last year.
Revenue, Profit rise YoY for entire FY24
For the entire financial year (FY24), the company recorded total sales of ₹59,579 crore, up 3% versus sales of FY23 on a comparable basis (adjusted for disposal in the base). EBITDA grew 4% for the year while profit after tax grew 2%.
Board approves dividend
The company's board recommended a final dividend of ₹24 for FY24 on shares of ₹1 each. The total dividend for the last financial year amounts to ₹42 as the company had paid an interim dividend of ₹18 in November last year.
The stock, meanwhile, snapped its three-day winning run and ended 0.12% lower at ₹2,260.05 apiece on the NSE ahead of the results.