Hindustan Unilever Q4 net profit rises 10% to Rs 2,552 cr; dividend announced at Rs 22/share

Hindustan Unilever Q4 results: HUL's sales in the March quarter climbed 11 per cent to Rs 14,638 crore, while, the FMCG's EBITDA margin declined by 0.90 per cent to 23.7 per cent.

By: Express Web Desk

New Delhi | Updated: April 27, 2023 12:49 PM IST

2 min read

HUL Q4 profit: Hindustan Unilever Q4 net profit rises 10 per cent.

The FMCG major has announced a final dividend payout of Rs 22 per share for the last financial year. (File image)

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FMCG major Hindustan Unilever’s net profit in the March quarter jumped 10 per cent on yearly-basis to Rs Rs 2,552 crore, the company announced on Thursday. Hindustan Unilever’s (HUL’s) net profit for the financial year 2023 rose 13 per cent to Rs 9,962 crore.

HUL’s sales in the March quarter climbed 11 per cent to Rs 14,638 crore, while, the FMCG major’s EBITDA margin declined by 0.90 per cent to 23.7 per cent. Hindustan Unilever’s EBITDA stood for the fourth quarter stood at Rs 3,471 crore.

The company’s turnover for FY23 grew 16 per cent YoY to Rs 58,154 crore.

The FMCG major has announced a final dividend payout of Rs 22 per share for the last financial year. The total dividend payout by Hindustan Unilever now stands at Rs 9,163 crore for FY23.

HUL CEO and MD Sanjiv Mehta said, “Looking forward, the near-term operating environment is likely to remain volatile. With inflation easing due to lapping of high base and sequential softening in a few commodities, price and volume growths will rebalance.”

“Market volumes will recover gradually as consumption habits readjust. We remain focused on managing our business with agility and growing our consumer franchise whilst maintaining margins in a healthy range. We stay confident of the medium to long term potential of Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth’,” Mehta said.

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