Ahead of HUL Q4 results, here’s how it performed in the last three quarters of FY24
Upstox
2 min read • Updated: April 24, 2024, 1:04 PM
Summary
With rural demand remaining subdued, HUL's volume growth for the March quarter of the financial year 2023-24 will be under the radar of investors. Hindustan Unilever Ltd Q4 results are scheduled to be released on Wednesday.
Hindustan Unilever (HUL) is scheduled to release the Q4 earnings report on Wednesday, April 24.
With rural demand remaining subdued, HUL's volume growth for the March quarter of the financial year 2023-24 will be under the radar of investors.
Hindustan Unilever shares are trading in a narrow range ahead of the Q4 result announcement. The stock trades at ₹2,254 per share, with a day high of ₹2,268 apiece on the NSE.
However, in the last six months the FMCG giant has grappled with a declining share price, witnessing a stark 8.5% dip. The stock has dropped more than 15% so far this year in 2024.
As the market awaits HUL's Q4 results, focus will be the company's outlook regarding competition dynamics, particularly concerning local and regional players, and the ongoing disparity between rural and urban demand. The investors are expected to keep a watch on volume growth, revenue and margins.
Let us take a look at how the HUL has performed over the last three quarters in FY24.
Revenue
In the third quarter of FY 2023-24, HUL's consolidated total revenue stood at ₹15,781 crore in December quarter, marginally down 0.15% against ₹15,806 crore in the September quarter. In the June quarter of FY24 the company reported total revenue of ₹15,679 crore.
Net profit
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.
EBITDA and margins
In the third quarter of FY 2023-24 the company’s earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹3,666 crore while the EBITDA margins dropped sequentially to 24%. HUL reported an EBITDA of ₹3,797 crore in the September quarter. The Q2 margins stood at 24.7%.
In the June quarter the company’s EBITDA stood at ₹3,665 crore while the margins improved to 24%.