Ashok Leyland Q4 Result 2024: Net Profit Rises 20% to ₹900 crore
Hindustan Unilever Q1 Results FY2024, Profit at Rs. 2,556 crores
On 20th July 2023, Hindustan Unilever announced its quarterly results for the last quarter of FY2023.
HUL Financial Highlights:
- Total sales at Rs. 15,267 crores grew by 6% during the quarter
- Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter at Rs. 3,665 crores, grew by 8%. EBITDA margin at 24.0 % increased by 30 bps.
- Profit after tax for the quarter at Rs. 2,556 crores grew by 7%.
HUL Business Highlights:
- Home Care continued its strong performance in the third quarter, with 10% revenue growth and mid-single-digit underlying volume growth. Due to premiumization and targeted market development initiatives, both Fabric Wash and Household Care experienced double-digit growth.
- Mid-single-digit underlying volume growth and 4% revenue growth were delivered by beauty and personal care. Skin Care and Colour Cosmetics saw double-digit growth as a result of the premium portfolio's strong performance. Tresemme, Indulekha, and Clinic Plus led the mid-single-digit underlying volume growth in the hair care category.
- Revenue from food and drink sales increased by 5%, but underlying volume growth was essentially unchanged. As consumers continued to downgrade due to higher inflation in premium teas relative to loose tea, the category of tea saw modest volume-driven growth.
Commenting on the results, Rohit Jawa, CEO and Managing Director said: “FMCG markets are recovering gradually although the operating environment remains challenging. In this context we have delivered a resilient and competitive performance whilst stepping up our EBITDA margin. In the near-term, FMCG industry will continue to witness rebalancing of price-volume growth equation and a gradual recovery in consumer demand. In this environment we will continue to provide superior value to our consumers and invest behind our brands. We remain focused on driving our long-term strategic priorities including market development and building distinctive capabilities for the future. I am confident of the medium to long term prospects of the Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth.”
Disclaimer: Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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Tanushree Jaiswal
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