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Ventura Wealth Clients
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Hindustan Unilever Ltd (HUL), the Indian subsidiary of FMCG giant Unilever, reported mixed results for the fourth quarter (Q4) of FY24. If you invest in stocks in the FMCG sector, read this blog to know how HUL performed. Let's dissect the details and understand what these results imply.

HUL Q4 results: profit decline

  • HUL witnessed a 2% decline in net profit for Q4 FY24, coming in at Rs 2,561 crore compared to Rs 2,601 crore in the corresponding quarter of the previous fiscal year.
  • Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also dipped marginally by 1%, settling at Rs 3,535 crore.

HUL Q4 results: revenue growth

  • Despite the profit decline, HUL's total sales for Q4 FY24 witnessed a positive trend, with a 1% increase year-on-year to Rs 15,041 crore.

HUL Q4 results: dividend announcement

  • HUL maintained its commitment to shareholders by recommending a final dividend of Rs 24 per share for FY24, bringing the total dividend payout for the year to Rs 42 per share.

HUL Q4 results: full-year performance

  • While Q4 results were mixed, HUL's full-year performance for FY24 showed some growth.
  • Total sales for the entire fiscal year rose by 2% to Rs 60,966 crore, and EBITDA grew by 4%. Profit after tax also saw a modest increase of 1%.

HUL Q4 results: market reaction

  • The Q4 results were announced after market hours, and HUL shares displayed a muted response, closing marginally lower by 0.16% on the BSE.

Looking ahead

  • The slight decline in Q4 profits might raise questions about HUL's future growth trajectory.
  • Investors will likely be looking for insights from the company regarding the reasons behind the profit dip and their strategies to improve profitability in the coming quarters.
  • HUL's ability to navigate rising input costs and maintain its market share will be crucial in determining its future performance.

Overall, HUL's Q4 results present a mixed picture. While revenue growth is a positive sign, the decline in profits requires further analysis. The company's full-year performance indicates consistent growth, but maintaining this momentum will depend on addressing profitability concerns and adapting to market dynamics.

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