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Hot Pursuit News

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(25 Apr 2024, 10:06)

HUL slips as Q4 PAT slides 6% YoY; declares dividend of Rs 24/share

Hindustan Unilever declined 1.64% to Rs 2,222 after The FMCG major reported 5.72% fall in standalone net profit to Rs 2,406 crore in Q4 FY24 as compared to Rs 2,552 crore recorded in Q4 FY23.


Revenue from operations rose marginally to Rs 14,693 crore in Q4 FY24 as against Rs 14,638 crore posted in Q4 FY23.

Hindustan Unilever (HUL) delivered underlying sales growth (USG) of 1% and underlying volume growth (UVG) of 2% in the quarter ended 31 March 2024.

Profit after tax before exceptional items (PAT bei) stood at Rs 2,396 crore in the March quarter, down 3% from Rs 2,471 crore posted in Q4 FY23.

EBITDA declined marginally to Rs 3,435 crore in Q4 FY24 as against Rs 3,471 crore reported in Q4 FY23. EBITDA margin reduced to 23.4% in Q4 FY24, down 30 bps, primarily on account of 60 bps impact from termination of GSK consignment selling arrangement and investments in long term capabilities.

During the quarter, Home Care grew 1% with mid-single digit UVG. Both fabric wa...

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