HUL Q4 profit rises 14% YoY to Rs 1,538 crore; misses Street estimates

NEW DELHI: FMCG major Hindustan Unilever (HUL) on Friday reported 14 per cent YoY rise in net profit at Rs 1,538 crore for the March quarter, which was well below Rs 1,617 crore profit estimated by analysts in an ET Now poll.

The company had reported Rs 1,351 crore profit in the year-ago quarter.

Revenue for the quarter rose 8.94 per cent YoY to Rs 9,808 crore compared with Rs 9,003 crore in the same quarter last year.


Volume for the quarter grew at 7 per cent, in line with estimates. Domestic consumer growth stood at 9 per cent, the company said in a BSE filing.

Chairman and Managing Director Sanjiv Mehta said, “We have delivered a strong performance for the quarter despite some moderation in rural market growth. Our focus on strengthening the core and leading market development has been consistently delivering good results."

Ebitda margin for the quarter improved 90 basis points, HUL said.

The company said its Home Care segment delivered another volume-led growth, with both Fabric Wash and Household Care growing in double digits.

While premium brands continued their growth momentum, the popular segment delivered below expectations.

The company board has recommended a final dividend of Rs 13 per share of Re 1 for FY19. Along with the interim dividend of Rs 9 paid in November, total dividend for the year stood at Rs 22.