Mumbai: Hindustan Unilever (HUL) registered a growth of 10% Net In the fourth quarter ended March, there was a profit of Rs 2,552 crore. The growth was largely driven by product worth The increase, even as inflation eased sequentially and the fast-moving consumer goods (FMCG) industry showed a gradual recovery in growth with a slowdown in the rural market. HUL had a net profit of Rs 2,327 crore in the corresponding quarter of the previous year.
Revenue grew 11% to Rs 14,638 crore in the March quarter on a 7% price increase and 4% underlying growth. The revenue was Rs 13,190 crore in the year-ago period. Sequentially, gross margin improved by 120 basis points (100bps = 1 percentage point).
In FY 2022-23, a turnover of Rs 58,154 crore grew by 16% with an underlying volume growth of 5%. Net profit at Rs 9,962 crore and EPS at Rs 42 per share rose 13 per cent. Full-year earnings before interest, tax, depreciation and amortization (EBITDA) margin stood at a healthy 23.4%.
Sanjiv Mehta, CEO & MD, HUL said, “Under challenging conditions of geo-political uncertainties, high commodity inflation and weak market growth, I am happy that we have delivered another year of strong and resilient performance. 8,000 crore has been added to the income.”
Revenue grew 11% to Rs 14,638 crore in the March quarter on a 7% price increase and 4% underlying growth. The revenue was Rs 13,190 crore in the year-ago period. Sequentially, gross margin improved by 120 basis points (100bps = 1 percentage point).
In FY 2022-23, a turnover of Rs 58,154 crore grew by 16% with an underlying volume growth of 5%. Net profit at Rs 9,962 crore and EPS at Rs 42 per share rose 13 per cent. Full-year earnings before interest, tax, depreciation and amortization (EBITDA) margin stood at a healthy 23.4%.
Sanjiv Mehta, CEO & MD, HUL said, “Under challenging conditions of geo-political uncertainties, high commodity inflation and weak market growth, I am happy that we have delivered another year of strong and resilient performance. 8,000 crore has been added to the income.”