HUL Q4: Health, hygiene and nutrition segments propel profit to Rs 2,190 crore

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FMCG major Hindustan Unilever on April 29 reported robust performance for Jan-March 2021 quarter, with consolidated net profit galloping 44.8% to Rs 2,190 crore in March 2021 from Rs 1,512 crore in the same quarter of the previous year boosted by 16% volume growth.

Likewise, its revenue from operations grew at 35% from Rs 9,211 crore in March 2020 to Rs 12,433 crore in March 2021.

“Health, hygiene and nutrition forming c.80% of business grew in double-digits for the third consecutive quarter, while discretionary and out-of-home categories improved sequentially,” said the company in its filing with exchanges.

At the operating level, HUL reported a 44.9% year-on-year growth in EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 3,043 crore and 170 bps expansion in the margin at 24.5% for the March quarter.

Commenting on the performance Sanjiv Mehta, Chairman and Managing Director of HUL said, “our in-quarter performance was strong on both the top-line and bottom-line. Despite challenging times, in FY’21 our business ecosystem has withstood the disruption and demonstrated agility and resilience across the value chain. We have delivered on our multi-stakeholder business model. Our purpose-led brands and capabilities were further strengthened during the year and this positions us well to serve our consumers during this turbulent period.”

On the annual performance HUL’s turnover came in at Rs 45,311 crores grew by 18%, domestic consumer growth (excluding the impact of the merger of GSK CH and the acquisition of ‘VWash’) was 6%. Profit after tax at Rs 7,954 crores was up 18%. The company recommended a final dividend of Rs. 17 per share.