HUL Q4 Results Live: Company announces final dividend of Rs 24 per share - The Economic Times

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24 Apr, 2024 | 05:00:18 PM IST

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 6% drop in its standalone net profit at Rs 2,406 crore for the quarter ended March 2024. The same stood at Rs 2,552 crore in the last year quarter. Read Full Copy Here

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In FY'24 we delivered a resilient performance with 3% USG and crossedRs. 10,000 crores Net Profit mark. We remain focused on driving operational excellence and have continued to build backour gross margins whilst stepping up investment in brands and long-term capabilities. Looking forward, I am optimistic ofconsumer demand gradually improving due to a normal monsoon and better macro-economic indicators.

- Rohit Jawa, CEO and Managing Director, HUL

HUL Q4 Results Live: Foods & Refreshment Segment

Foods & Refreshment had a USG of 4% with flat volume growth. Functional Nutritional Drinks (Horlicks & Boost) deliveredhigh-single digit growth driven by Plus range. Tea continued to strengthen value and volume market leadership. Categorycontinued to witness consumers downgrading to loose tea. Coffee delivered double digit growth driven by pricing. Foods grewin mid-single digit led by strong performance in Soups and Food solutions.

HUL Q4 Results Live: Beauty & Personal Care Segment

Beauty & Personal Care continued to witness premium portfolio growing ahead of the rest. Overall, the segment had a USGof -2% with flat volumes. Hair care delivered volume-driven high-single digit growth led by outperformance in Dove andTresemme. Skin care and colour cosmetics grew in low-single digit.

HUL Q4 Results Live: Home Care Segmnet

Home Care grew 1% with mid-single digit UVG. Both Fabric Wash and Household Care grew volumes in mid-single digitdriven by strong performance in premium portfolio. The category continued to witness YoY price decline on account of actionstaken during the year.

Hindustan Unilever approves dividend of Rs 24 per share

FMCG major Hindustan Unilever (HUL) on Wednesday announced a final dividend of Rs 24 per share. The company had earlier paid an interim dividend of Rs 18 per share on November 16, 2023, the total dividend for the financial year amounts to Rs 42 per share, which is an increase of 8% over the last financial year.

HUL Q4 Results: Net profit drops 6% YoY to Rs 2,406 crore, misses estimates

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 6% drop in its standalone net profit at Rs 2,406 crore for the quarter ended March 2024. The same stood at Rs 2,552 crore in the last year quarter.

HUL Q4 Results Live: The Company's turnover for the financial year ended 31st March, 2024 wasRs. 59,579 crores.

The Company's turnover for the financial year ended 31st March, 2024 was Rs. 59,579 crores as against turnover of Rs. 58,154 crores for the financial year ended 31st March, 2023

HUL Q4 Results Live: Co declares dividend of Rs 24/share

Recommended a final dividend of Rs. 24/- for the financial year ended March 31, 2024, on Equity Shares of Re 1 each.

HUL Q4 Results Live: PAT at 2406 cr vs Street estimates of Rs 2462 cr

Revenue: Rs 14857 cr vs Street estimates of Rs 14989 cr

EBITDA Margin: 23.12% vs Street estimates of 23.04%

HUL Q4 Results Live: Hindustan Unilever Q4FY24 Preview: What to expect? Take a look

— ETNOWlive (@ETNOWlive)

HUL Q4 Results Live: Key things to track in HUL's Q4 show

Key areas to monitor include the demand outlook for rural versus urban markets, competitive dynamics, and trends in raw material costs.

HUL Q4 Results Live: HUL shares end flat ahead of earnings

Price as on 03:33:38 PM 03:33 PM, Click on company names for their live prices.

HUL Q4 Results Live: Axis Sec sees HUL revenue at Rs 14,776 crore

Revenue for HUL is expected to reach Rs 14,776 crore in Q4, reflecting a 0.9% YoY increase from Rs 14,638 crore in Q4FY23. Sequentially, revenue is anticipated to decrease by 1% from Rs 14,928 crore reported in Q3FY24. The moderation in revenue is attributed to 3% volume growth and a 2% price cut, driven by subdued performance across categories, creating headwinds.

HUL Q4 Results Live: Nuvama on HUL Q4 preview

In Q4FY24, negative price growth is expected to persist for companies like HUL, mirroring Q3 trends due to the absorption of gross margin expansion. This is likely to result in subdued top-line growth. FMCG firms might raise prices by 2-3% by the latter half of FY25, driven by fluctuating commodity prices, especially food and crude oil, along with wage inflation. Incremental and measured price hikes could stimulate price-led growth, which has been stagnant or declining for most companies throughout FY24.

Nuvama predicts that rural volume growth for consumer staples will likely remain sluggish YoY in Q4FY24, similar to Q3, with a slight improvement on a two-year basis.

HUL Q4 Results Live: Sharekhan sees flat profit growth in Q4

Adjusted profit after tax (PAT) is expected to be Rs 2,489 crore, up by 0.7% from Rs 2,472 crore in Q4FY23, aligning with the 0.5% YoY operating profit growth.

HUL Q4 Results Live: Operating margin could grow 23% YoY, says Sharekhan

Operating margin (OPM) is estimated at 22.8% in Q4FY24 compared to 23.3% in Q4FY23, down by 52 basis points (bps) due to higher advertisement and other expenses. Gross margins are anticipated to increase by 280 bps YoY, benefiting from a decrease in raw material prices.

HUL Q4 Results Live: HUL trades lower ahead of Q4 results

HUL Q4 Results Live: Revenue could rise 3% YoY, says Sharekhan

Sharekhan projects a revenue figure of Rs 15,309 crore for the final quarter of FY24, marking a 2.8% year-on-year (YoY) increase. This growth will be supported by 2-4% YoY growth in personal care and foods & refreshments categories, offset by a 1% decline in homecare.

HUL Q4 Results Live: Prabhudas Lilladher sees adjusted PAT growth to be flattish

HUL is expected to deliver volume growth of 2.5% with revenue growth of 1.1% & negative realization growth for consequent quarter. GM/EBITDAM is expected at 51.5%/23.4%. Adjusted PAT is expected to be flattish at Rs. 24.78 bn.

HUL Q4 Results Live: Anand Rathi sees 2% YoY rise in HUL Q4 PAT

Anand Rathi anticipates Hindustan Unilever's Q4FY2 revenue to reach Rs 14,931 crore, reflecting a 2% increase year-on-year (YoY) and remaining flat sequentially. The adjusted profit after tax (PAT) is projected to be Rs 2,484.70 crore, up by 0.5% YoY but down by 2.5% quarter-on-quarter (QoQ). The earnings before interest, taxes, depreciation, and amortization (EBITDA) margin is expected to be 23.1%, compared to 23.3% in Q4FY23 and Q3FY24.

HUL Q4 Results Live: Foreign holding in Hindustan Unilever drops to four-year low

Foreign investors have trimmed their holdings of Hindustan Unilever Ltd. to a four-year low amidst challenges posed by subdued consumer demand and heightened competition. Ownership by foreign funds decreased to 12.7% by March, down from a peak of 14.5% in June the previous year, as per Bloomberg data. The company's shares have declined over 9% in the past year, making it the second weakest performer in the NSE Nifty 50 Index.

HUL Q4 Results Live: HUL shares fall marginally ahead of earnings announcement later in the day

Price as on 10:29:07 AM 10:29 AM, Click on company names for their live prices.

HUL Q4 Results Live: How HUL fared in Q3

Hindustan Unilever disclosed lackluster earnings for the quarter ending December. Net profit saw a meager 0.6% year-on-year (YoY) increase, reaching Rs 2,519 crore, falling short of the ETNow poll estimate of Rs 2,724 crore. Revenue from operations declined by 0.3% YoY to Rs 15,188 crore, also below estimates of Rs 15,533 crore.

HUL Q4 Results Live: PAT could fall while revenue to rise

The profit after tax (PAT) is anticipated to experience a marginal decline despite a modest increase in revenue. Anand Rathi and Share Khan forecast slight PAT growth for the final quarter of FY24, whereas Axis Securities predicts a 2.6% drop compared to the same period last fiscal year. Revenue from operations for the reporting quarter is estimated at Rs 15,005.33 crore, reflecting a 1.9% increase year-on-year.

HUL Q4 Results Live: HUL to post its March quarter earnings today

FMCG major will likely post results post market hours