Hindustan Unilever (HUL) on Thursday reported standalone web revenue at Rs 2,143 crore for the March quarter of the monetary yr 2020-21 (Q4FY21), up 41.07 per cent year-on-year (YoY). The corporate had reported a revenue of Rs 1,519 crore in the identical interval final yr.
On a sequential foundation, the determine jumped 11.55 per cent from Rs 1,921 crore posted within the December quarter.
The income through the quarter underneath evaluate jumped 34.63 per cent YoY to Rs 12,132 crore compared with Rs 9,011 crore in the identical interval final yr. It climbed 2.27 per cent quarter-on-quarter (QoQ).
The March quarter results beat analysts estimates on the revenue entrance as brokerages had estimated the determine to develop between 11-32 per cent YoY. Whereas they’d projected the determine to be flat on a QoQ foundation. Even the March quarter income beat analysts estimate marginally. READ HERE
Earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda) for the March quarter stood at Rs 2,957 crore as towards Rs 2,065 crore posted within the corresponding quarter a yr in the past. Ebitda margins, in the meantime, grew 150 bps YoY, the corporate mentioned.
“Development within the quarter was aggressive and worthwhile with reported turnover progress of 34 per cent and revenue after tax progress of 41 per cent. Home shopper progress was at 21 per cent with underlying quantity progress of 16 per cent. Well being, hygiene and vitamin forming c.80 per cent of enterprise grew in double-digits for the third consecutive quarter, whereas discretionary and out-of-home classes improved sequentially,” the corporate mentioned in an earnings launch.
The corporate board additionally advisable a last dividend of Rs 17 per share of the face worth of Re 1 every, for the monetary yr ended thirty first March 2021.
Commenting on the March quarter efficiency, Sanjiv Mehta, Chairman and Managing Director of HUL
mentioned, “Our in-quarter efficiency was robust on each the top-line and bottom-line. Regardless of difficult occasions, in FY21, our enterprise ecosystem has withstood the disruption and demonstrated agility and resilience throughout the worth chain. We now have delivered on our multi-stakeholder enterprise mannequin. Our purpose-led manufacturers and capabilities had been additional strengthened through the yr and this positions us effectively to serve our customers throughout this turbulent interval. Our focus firmly stays behind delivering quantity led aggressive progress.”
For the complete monetary yr 2021 (FY21), HUL’s turnover grew 18 per cent YoY to Rs 45,311 crore with home progress ((excluding the affect of merger of GSK CH and acquisition of ‘VWash’) at 6 per cent. The online revenue for FY21 rose 18 per cent YoY at Rs 7,954 crore.
The house care progress for Q4FY21 stood at 15 per cent YoY and was enabled by a powerful restoration in material wash. Family care continued its robust efficiency delivering double-digit progress. Liquids and material sensations proceed to outperform benefitting from strong market improvement initiatives, the corporate mentioned.
The wonder and private care section grew 20 per cent YoY with pores and skin cleaning, hair care and oral care delivering excessive double-digit growths. A calibrated method in direction of value improve has helped defend our enterprise mannequin whilst vegetable oils proceed to inflate at document ranges, HUL
Meals and refreshment grew at 36 per cent YoY. “Diet volumes grew in double digits and we launched Rs 2 sachets in Horlicks and Increase. Our objective stays to drive penetration on this class,” it additional added.
Following the presentation of March quarter numbers, the inventory was buying and selling 0.60 per cent increased at Rs 2421.45 on the BSE at round 1.50 pm.
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