Jobaaj Stories
HUL, India's largest FMCG company, has published its Q4 results as the company's annual revenues surpassed the Rs 60,000 crores mark.
For the quarter ended in March 2023, revenues grew 11% as Total Income for the quarter grew to Rs 15,375 crores. Margins continued to be pressured as volumes improved 4%. Profits grew 12.7% during the quarter as it grew from Rs 2,307 crores reported last year to Rs 2,601 crores this year.
For the entire year ended in March 2023, total income grew 16% to grow beyond Rs 60,000 crores to reach Rs 61,092 crores. Product sales continued to be it's highest contributor as services sales and others reported robust growth.
The homecare segment's revenues surged the most as Surf Excel became a $1 billion brand during the year. Beauty and Personal care came in second with strong growth while the revenues of Food & Refreshments reported marginal growth.
Total expenses grew 17% to Rs 47,682 crores as Raw Materials cost surged the most during the year up 23% annually. As such, profits grew 14% YoY to grow beyond the Rs 10,000 crore mark and reached Rs 10,143 crores.
Moreover, the company completed the 51% acquisition of Zywie Ventures Pvt Ltd & 19.8% in Nutritional Pvt Ltd
The company has announced a dividend of Rs 22 per share for FY23, bringing the total annual dividend payment to Rs 39 per share. At the time of reporting, the stock of HUL was trading around Rs 2,423.25 per share.
- Aman Agarwal.
Also, Read Indus Tower quarter results
