HUL Q4 results: Net profit declines 6%, revenue marginally up; Here are 4 key highlights

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₹2,406 crore from ₹2,552 crore last year same period. The earnings of the FMCG company are below the market expectations. Analysts forecasted a profit of ₹2,435 crore on revenue totaling ₹14,913 crore.

During the fourth quarter, the company witnessed a slight increase in revenue from operations to ₹14,693 crore, as opposed to ₹14,638 crore recorded in the same period last year. Also read: HUL Q4 results: Net profit falls 6% to ₹2,406 crore, announces dividend of ₹24 per share “In FY24 we delivered a resilient performance with 3% USG and crossed ₹10,000 crores 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," said Rohit Jawa, CEO and Managing Director. On the other hand, EBITDA margin remained healthy at 23.8% with an increase of 40 bps YoY. Profit after tax (PAT) and EPS was up 4% and 2% respectively.

The consolidated revenue for the fourth quarter of FY24 remained relatively steady at ₹15,210 crore, compared to ₹15,215 crore recorded in the fourth quarter of FY23. In the current quarter, Hindustan Unilever saw a year-on-year decline of 1.5% in net profit, amounting to ₹2,561 crore, inclusive of exceptional income totaling ₹78 crore. Comparatively, in the corresponding period last year, the company had recorded a profit of ₹2,601 crore.