Reliance Industries' 47th AGM: Major Announcements and Insights
HUL FY2024 Results: Revenue Up 0.43%, Q4 PAT Rises 2.11%, PAT Margin at 16.59%
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Last Updated: 25th April 2024 - 11:57 am
Key Highlights
- Hindustan Unilever Limited (HUL) reported a 0.43% increase in its consolidated revenue on a YOY basis reaching Rs. 15,441 cr in FY2024.
- PAT marked at Rs. 2,561 cr for Q4 FY2024 against Rs. 2,508 cr in Q3 FY 2024, up by 2.11% on a quarterly basis.
- PAT margin for Q4 FY2024 was 16.59%.
Business Highlights
- HUL’s total revenue for Q4 FY 2024 was Rs. 15,441 cr, down by 2.15% on a quarterly basis from Rs. 15,781 cr in Q3 FY 2024.
- Profit after tax for FY 2024 was Rs. 10,282 cr against Rs.10,143 cr in FY 2023.
- The company’s revenue from operations for FY2024 was Rs. 60,852 cr against Rs. 59,443 cr in FY2023 up by 2.37%.
- For FY2024, the EBITDA margin witnessed a YOY increase of 40 bps reaching 23.8%.
- HUL declared a dividend of Rs 24 per equity share having a face value of Rs. 1 for FY24, which made the total dividend declared during the financial year to Rs. 42 per share.
- The company’s Home Care segment witnessed a 1% growth. However, its Beauty & Personal Care segment reported flat volume growth at USG (Underlying sales growth) of -2%.
- The Foods & Refreshments segment marked a 4% USG.
Commenting on the results, Rohit Jawa, CEO and Managing Director, HUL said, "In FY’24 we delivered a resilient performance with 3% USG and crossed Rs. 10,000 crores Net Profit mark. We remain focused on driving operational excellence and have continued to build back our gross margins whilst stepping up investment in brands and long-term capabilities. Looking forward, I am optimistic of consumer demand gradually improving due to a normal monsoon and better macro-economic indicators."
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