HUL Q4 net income up 9% on ‘all-around growth’

According to Hindustan Unilever Ltd. fourth-quarter net profit rose 9% year-on-year to £2,327 billion on “strong overall performance”.

Revenue increased 10% to ₹13,190 crore with underlying volumes flat.

“We have continued to grow significantly ahead of the market, gaining market share in value and volume,” the company said in a filing.

For FY22, net profit rose 11% to £8,818 billion, while revenue also rose 11% to £50,336 billion. Underlying volume growth was 3%.

The company’s board proposed a final dividend of £19 per share. Together with the interim dividend of ₹15 per share, the total dividend for the year is ₹34 per share.

“In difficult circumstances, we have grown competitively and protected our business model by keeping margins in a healthy range,” said CEO and Managing Director Sanjiv Mehta.

“Our consistent performance reflects our strategic clarity, brand strength, operational excellence and dynamic financial management of our business,” he added.

“While there are near-term concerns of significant inflation and slowing market growth, we are confident in the medium to long-term prospects for the Indian FMCG sector and remain focused on delivering consistent, competitive, profitable and responsible growth,” he added .

The company said its home care business grew 24% with a “strong” performance in its laundry and home care businesses.

The company’s beauty and personal care business rose 4%.

The company’s food and refreshment business grew 5%, driven by performance in beverages, groceries and ice cream.

The company said that in the context of unprecedented inflation, it continues to “manage its business dynamically, driving more savings across all P&L lines and taking calibrated pricing actions using net sales management principles.”

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