Hul: HUL Q4 PAT up 10% to Rs 2,552 crore
HUL
) posted a 10% growth in profit after tax (PAT) at Rs 2,552 crore in the fourth quarter ended March 31, 2023, while turnover grew 11%.
The underlying volume growth was 4%. The company said growth was competitive with more than 75% of the business winning market shares. In the financial year 2022-23, turnover at Rs. 58,154 crore grew 16% with underlying volume growth of 5%.
PAT at Rs 9,962 crore and
EPS
at Rs 42 per share was up 13%.
Sanjiv Mehta
, CEO and Managing Director, HUL, said: In challenging circumstances of geopolitical uncertainties, high commodity inflation and tepid market growths, I am pleased that we have delivered yet another year of strong and resilient performance. We have added Rs. 8,000 crore to our topline in this fiscal with volume growth in mid-single digits despite decline in FMCG market volumes. We continue to make steady progress in future-proofing our business through portfolio transformation and building distinctive capabilities.
Looking forward, the near-term operating environment is likely to remain volatile. With inflation easing due to lapping of high base and sequential softening in a few commodities, price and volume growths will rebalance. Market volumes will recover gradually as consumption habits readjust. We remain focused on managing our business with agility and growing our consumer franchise whilst maintaining margins in a healthy range. We stay confident of the medium to long term potential of Indian FMCG sector and HULs ability to deliver a Consistent, Competitive, Profitable and Responsible growth, said Mehta.
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Thursday, April 27, 2023 at 7:17 am