FMCG giant Hindustan Unilever in its Q4 results reported an 8.6% YoY growth in its standalone PAT as it grew from Rs 2,143 crores to Rs 2,327 crores. The profits grew 3.7% on a QoQ basis.
The standalone revenue from operations for this quarter stood at Rs 13,462 crores, up 11% YoY and 2.8% QoQ.
For the year from April 2021-March 2022, the company's profits rose 10.9% to Rs 8,818 crores. The company managed to cross Rs 50,000 crores in revenues, being the first pure FMCG company to do so, rising 11.3% to Rs 51,193 crores, beating all estimates.
The company was able to maintain an EBITDA margin of 24.6% as its Home Care business witnessed a growth of 24%, Beauty and Personal Care 4% while Food & Refreshment grew 5%.
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The company has said that there are short-term concerns regarding inflation and slowing growth as demand in rural areas is severely low, but they are confident in the medium and long-term prospects of Indian FMCG markets. The company also feels that the palm oil ban, giving rise to volatility in the markets, will be short-lived since palm oil is the largest source of revenue for the Indonesian government.
On account of impressive results, the company has recommended a final dividend of Rs 19 per share or 1900% per share. This brings HUL's total dividend payment for the year to a total of Rs 34 or 3400% against a share with a face value of Rs 1.
The stock recently touched a low of Rs 1901.55 in early March 2022, a price level it hadn't breached since May 2020. However, the stock has seen some revival as it climbs back up steadily and trades around Rs 2,145.10 per share currently.
Article by Aman Agarwal.
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