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Personal Products company Hindustan Unilever announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Underlying Sales Growth (USG) of 1%.
- Underlying Volume Growth (UVG) of 2%.
- EBITDA margin at 23.4%.
- Profit After Tax before exceptional items (PAT bei) declined by 3%, while Profit After Tax (PAT) declined by 6%.
FY24 Financial Highlights:
- Full year turnover amounted to Rs 59,579 crore.
- USG for the year was 3% with UVG of 2%.
- EBITDA margin remained healthy at 23.8%, marking an increase of 40 basis points (bps) YoY.
- PAT (bei) increased by 4%, while EPS saw a 2% rise.
- The Board of Directors proposed a final dividend of Rs 24 per share, subject to shareholder approval at the AGM.
- Including the interim dividend of Rs 18 per share, the total dividend for the year is Rs 42 per share, reflecting an 8% increase compared to FY’23.
Rohit Jawa, CEO and Managing Director commented: "In FY’24 we delivered a resilient performance with 3% USG and crossed Rs 10,000 crore Net Profit mark. We remain focused on driving operational excellence and have continued to build back our gross margins whilst stepping up investment in brands and long-term capabilities. Looking forward, I am optimistic of consumer demand gradually improving due to a normal monsoon and better macro-economic indicators.
With rising affluence, under-indexed FMCG consumption and a strong digital infrastructure, I remain very confident of the medium to long-term potential of Indian FMCG sector. To serve the evolving aspirations of Indian consumers, we have embarked on a journey of 'Transform to Outperform'. Our key thrusts of Growing our Core through Unmissable Brand Superiority, Market making and Premiumisation, Re-shaping our portfolio to high growth spaces and Leadership in Channels of future, backed by our distinctive capabilities will enable us to continue winning in the Indian FMCG sector."
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